Raymond James Upgrades SanDisk, OmniVision to Outperform, Downgrades Atmel, Applied Signal (SNDK, OVTI, ATML, APSG)

In the Semi space this morning, an analyst at Raymond James has revised investment ratings on a number of stocks:

• upgraded SanDisk (Nasdaq: SNDK) from Market Perform to Outperform
  
• upgraded OmniVision Technologies (Nasdaq: OVTI) from Market Perform to Outperform
  
• downgraded Atmel (Nasdaq: ATML) from Strong Buy to Outperform
  
• downgraded Applied Signal Technology (Nasdaq: APSG) from Outperform to Market Perform

Shares of SanDisk have rallied more than 2.5% this morning, while shares of OmniVision are up almost 4%. On the other side of the trade, Atmel shares are down 1.2% and Applied Signal shares are down just 0.1%.

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