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Argus Downgrades Altera (ALTR) to Hold

April 1, 2015 7:38 AM EDT
Get Alerts ALTR Hot Sheet
Price: $86.15 -0.14%

Rating Summary:
    8 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Argus downgraded Altera (NASDAQ: ALTR) from Buy to Hold following the run-up in the shares on speculation that Intel Corp. was planning to acquire the company.

In the firm's view a substantial acquisition premium has now been built into the ALTR shares.

The firm retains their Buy rating on peer Xilinx (NASDAQ: XLNX), which they said remains attractive at current levels.

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 $42.91 yesterday.



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