RBS Cuts Spreadtrum (SPRD) to Hold; Stock Lower

November 28, 2011 11:52 AM EST Send to a Friend
Get Alerts SPRD Hot Sheet
Price: $17.82 -4.91%

Rating Summary:
    10 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 25 | New: 24
Trade SPRD Now!
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.


Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here



You May Also Be Interested In


Related Categories

Downgrades

Add Your Comment