Morgan Stanley Downgraded U.S. Semiconductor Stocks to Cautious; Downgrades Intel (INTC) and Others

November 3, 2009 6:55 AM EST
Get Alerts INTC Hot Sheet
Price: $36.57 -0.52%

Rating Summary:
    42 Buy, 20 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
Trade INTC Now!
Join SI Premium – FREE
Morgan Stanley downgraded U.S. semiconductor stocks to Cautious today, saying we are in the final innings of the semi cycle.

As part of the call, the firm downgraded Intel (Nasdaq: INTC) from Overweight to Equal Weight.

The firm also downgraded Altera (Nasdaq: ALTR) Linear Tech (Nasdaq: LLTC), Xilinx (Nasdaq: XLNX) and Maxim (Nasdaq: MXIM) from Overweight to Equal Weight and cut ON Semi (Nasdaq: ONNN) NVIDIA (Nasdaq: NVDA), Arm Holdings (Nasdaq: ARMH), Novellus (Nasdaq: NVLS), and KLA Tencor (Nasdaq: KLAC) from Equal Weight to Underweight.

You May Also Be Interested In

Related Categories

Downgrades, Trader Talk

Related Entities

Morgan Stanley

Add Your Comment