Oppenheimer Downgrades Applied Micro Circuits (AMCC) to Perform
AMCC Hot Sheet
Rating Summary:3 Buy, 4 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 16 | Down: 7 | New: 23
Oppenheimer downgraded Applied Micro Circuits (NASDAQ: AMCC) from Outperform to Perform.
The firm notes shares have outperformed off October lows and the promise of X-Gene is now reflected in the stock price. They now see the lack of obvious near-term catalysts and/or P/E support.
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 $7.83 yesterday, with a 52 week range of $4.69-$11.31.
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The firm notes shares have outperformed off October lows and the promise of X-Gene is now reflected in the stock price. They now see the lack of obvious near-term catalysts and/or P/E support.
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 $7.83 yesterday, with a 52 week range of $4.69-$11.31.
Discover Wall Street's best ratings calls with the pros - Upgrade to Ratings Insider Elite. Free Trial!
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