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RBS Cuts Spreadtrum (SPRD) to Hold; Stock Lower

November 28, 2011 11:52 AM EST
Get Alerts SPRD Hot Sheet
Price: $30.93 --0%

Rating Summary:
    8 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 9 | New: 5
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Shares of Spreadtrum Communications (NASDAQ: SPRD) are trading lower Monday morning following an earlier downgrade from RBS's Jack Lu. The stock is down nearly 1.3 percent to $24.44.

RBS now rates Spreadtrum shares a Hold, down from Buy previously. The analyst's price target was lowered from $33 to $27.

For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.


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