Wedbush Reiterates an 'Outperform' on OmniVision Technologies (OVTI), Adds Stock to Best Ideas List
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Wedbush reiterates an 'Outperform' rating on OmniVision Technologies (Nasdaq: OVTI), adds stock to Best Ideas List. Price target $20.
Wedbush analyst says, "The Wedbush Investment Committee is adding OmniVision Technologies Inc. to the Best Ideas List...Expect key design wins at tier I smartphone OEMs and dominant market share position of about 50+% at leading netbooks/notebooks OEMs and ODMs to drive strong Q/Q performance in FQ2 (Oct)...Believe investors may be overlooking the significance of OVTI's sole source position in Apple's refresh of the 5th gen. iPod nano with video capability."
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