Drexel Hamilton Downgrades Applied Micro Circuits (AMCC) to Hold Amid Takeout

November 21, 2016 3:11 PM EST
Get Alerts AMCC Hot Sheet
Price: $8.40 --0%

Rating Summary:
    2 Buy, 13 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 24 | New: 14
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Drexel Hamilton downgraded Applied Micro Circuits (NASDAQ: AMCC) from Buy to Hold with a price target of $8.36 after the company agreed to be acquired by MACOM.

For an analyst ratings summary and ratings history on Applied Micro Circuits click here. For more ratings news on Applied Micro Circuits click here.

Shares of Applied Micro Circuits closed at $7.25 yesterday.

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