Citi Cuts NVIDIA (NVDA) to Hold Amid Q4 Earnings Report

February 17, 2011 8:01 AM EST Send to a Friend
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Price: $20.92 --0%

Rating Summary:
    12 Buy, 22 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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An analyst at Citi downgraded shares of NVIDIA (NASDAQ: NVDA) from Buy to Hold this morning following last night's Q4 results.

The citi analyst cited concerns related to increased competition and a possibility for excess tablet inventory.

NVIDIA shares are indicated about 2.5% lower in pre-market action. The stock last traded at $22.80.

For more ratings news on NVIDIA click here and for the rating history of NVIDIA click here.


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