Argus Downgrades Altera (ALTR) to Hold
Get Alerts ALTR Hot Sheet
Price: $86.15 -0.14%
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
8 Buy, 5 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Home Depot's deal 'likely a positive for BECN" - Stifel Reiterates Beacon (BECN) at Buy
- Dollar General (DG) PT Raised to $175 at Argus
- Trump Media & Technology Group (DJT) shares slide
Create E-mail Alert Related Categories
Analyst Comments, DowngradesRelated Entities
Argus, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!