FBR Capital Added Fairchild Semi (FCS) To Top Picks List; Removes International Rectifier (IRF)

June 30, 2009 7:26 AM EDT

FBR Capital added Fairchild Semiconductor International Inc. (NYSE: FCS) to its Top Picks List, maintaining their Outperform rating and $12 price target.

International Rectifier Corporation (NYSE: IRF) was removed from the Top Picks List.

The firm said, "shares of FCS will react favorably to management's 3Q revenue guidance, while shares of IRF may be more range-bound given the likelihood that low fab utilizations depress gross margins through calendar 3Q. We still think shares of FCS have meaningful upside in coming months, with about 70% upside to our $12 target. Recent checks suggest Fairchild is tracking toward the high end of its 2Q revenue guidance, a positive."


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Stocks Mentioned

FCS 9.49

-0.02 -0.21%
Volume: 3,458,975
Track FCS

IRF 20.06

+0.22 +1.11%
Volume: 214,463
Track IRF


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