Barclays Tweaks Estimates on Altera (ALTR) To Reflect More Muted Growth Expectations
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Price: $32.71 --0%
Rating Summary:
7 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
7 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade ALTR Now!
Barclays maintains an 'Overweight' on Altera (NASDAQ: ALTR) price target of $42.00.
Analyst, C.J. Muse, said, "With Altera reiterating its June Q guide despite the weakening macro environment, look for incremental near-term upside for shares. Looking ahead, focus remains on (i) magnitude of 2H Comm. Infrastructure recovery, (ii) micro vs. macro cell debate, and (iii) competitive positioning with Xilinx (Nasdaq: XLNX)."
Muse lowers FY12 EPS estimate from $1.88 to $1.78 (consensus is $1.71) and FY13 from $2.35 to $2.25 (consensus is $2.16).
For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.
Shares of Altera closed at $33.01 yesterday, with a 52 week range of $30.39-$48.35.
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Analyst, C.J. Muse, said, "With Altera reiterating its June Q guide despite the weakening macro environment, look for incremental near-term upside for shares. Looking ahead, focus remains on (i) magnitude of 2H Comm. Infrastructure recovery, (ii) micro vs. macro cell debate, and (iii) competitive positioning with Xilinx (Nasdaq: XLNX)."
Muse lowers FY12 EPS estimate from $1.88 to $1.78 (consensus is $1.71) and FY13 from $2.35 to $2.25 (consensus is $2.16).
For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.
Shares of Altera closed at $33.01 yesterday, with a 52 week range of $30.39-$48.35.
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