BWS Financial Raises PT on Rambus (RMBS) to $35

March 27, 2008 9:58 AM EDT

BWS Financial raises its price target on Rambus (Nasdaq: RMBS) from $25 to $35 and maintains a Buy rating, citing yesterday's verdict announcement in favor of Rambus.

The firm said "Rambus was handed a victory in their coordinated trial against Hynix Semiconductor, Nanya Technology, and Micron Technology (NYSE: MU). BWS believes yesterday's win brings back into view the "litigation aspect" as a reason to own shares of Rambus.

Rambus, Inc. engages in the design, development, and licensing of chip interface technologies and architectures that are foundational to various digital electronics products. [BCS]


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