Canaccord Genuity Reiterates a 'Buy' on Integrated Device Technology (IDTI); This Looks Like the Last Cut

Canaccord Genuity reiterates a 'Buy' on Integrated Device Technology (NASDAQ: IDTI) price target of $7.00.

Canaccord analyst, Bobby Burleson, said, "Reduced PC clocks exposure and ramping LTE and servers should drive strong top line growth and upside to our estimates by the June quarter. Near term, we are lowering our estimates on conservative guidance, which includes weakness across all verticals, and, believing this to be the last cut."

For more ratings news on Integrated Device Technology click here and for the rating history of Integrated Device Technology click here.

Shares of Integrated Device Technology closed at $6.08 yesterday, with a 52 week range of $4.70-$8.74.

---

Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!

You May Also Be Interested In

• Barclays maintains an 'Equalweight' on Tech Data (TECD); Slight Adjustments on Q1 Results
• Guggenheim Initiates Coverage on Several Oil & Gas Drilling & Exploration Stocks; Upgrades DO & ESV, Lowers RDC
• UBS Lowers Estimates and PT on Lowe's (LOW) Messy Q1, But Bullish Case Remains

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Genuity Capital Markets

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?

Follow StreetInsider.com On Twitter