UPDATE: B. Riley Downgrades InterDigital Inc. (IDCC) to Neutral

September 26, 2016 7:10 AM EDT
Get Alerts IDCC Hot Sheet
Price: $83.20 +0.97%

Rating Summary:
    2 Buy, 6 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
Trade IDCC Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
(Updated - September 26, 2016 9:37 AM EDT)

B. Riley downgraded InterDigital Inc. (NASDAQ: IDCC) from Buy to Neutral with a price target of $80 (unchanged). With shares up 60% year-to-date, analyst Eric Wold sees risk/reward as balanced.

"With a 60% YTD move higher for InterDigital (IDCC) shares and each of the two major catalysts we expected playing out positively (finalization of the Huawei royalty agreement and a 50% dividend hike), we believe the risk/reward is balanced with shares only 2% away from our PT. Although we continue to believe Huawei could help drive new royal agreements with other China handset OEMs, we believe this opportunity is, for the most part, reflected in 2017 expectations," said the analyst.

For an analyst ratings summary and ratings history on InterDigital Inc. click here. For more ratings news on InterDigital Inc. click here.

Shares of InterDigital Inc. closed at $78.20 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS View, Downgrades

Related Entities

B. Riley

Add Your Comment