RBC Capital Downgrades Peregrine Semiconductor (PSMI) to Sector Perform on Takeover

RBC Capital downgraded Peregrine Semiconductor (NASDAQ: PSMI) from Outperform to Sector Perform with a price target of $12.00 (from $8.00) on today's takeover by Murata.

"We do not foresee roadblocks to the deal closing," analyst Doug Freedman said.

For an analyst ratings summary and ratings history on Peregrine Semiconductor click here. For more ratings news on Peregrine Semiconductor click here.

Shares of Peregrine Semiconductor closed at $7.69 yesterday.

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