Canaccord Genuity Maintains a 'Hold' on Altera (ALTR); Cutting Price Target on Softening Demand
Get Alerts ALTR Hot Sheet
Price: $83.53 -0.3%
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Canaccord Genuity maintains a 'Hold' on Altera (NASDAQ: ALTR) price target of $35.00 (from $40.00).
Analyst, Bobby Burleson, said, "We lower our price target for ALTR and reiterate our rating as demand appears to be softening into the September quarter guide. Reiterated mid-quarter revenue view offers a mild near-term positive for the stock considering negative sentiment, while XLNX will likely continue to be seen as a share-gainer."
For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.
Shares of Altera closed at $33.01 yesterday.
Analyst, Bobby Burleson, said, "We lower our price target for ALTR and reiterate our rating as demand appears to be softening into the September quarter guide. Reiterated mid-quarter revenue view offers a mild near-term positive for the stock considering negative sentiment, while XLNX will likely continue to be seen as a share-gainer."
For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.
Shares of Altera closed at $33.01 yesterday.
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