FBR Capital Added Fairchild Semi (FCS) To Top Picks List; Removes International Rectifier (IRF)

June 30, 2009 7:26 AM EDT

FBR Capital added Fairchild Semiconductor International Inc. (NYSE: FCS) to its Top Picks List, maintaining their Outperform rating and $12 price target.

International Rectifier Corporation (NYSE: IRF) was removed from the Top Picks List.

The firm said, "shares of FCS will react favorably to management's 3Q revenue guidance, while shares of IRF may be more range-bound given the likelihood that low fab utilizations depress gross margins through calendar 3Q. We still think shares of FCS have meaningful upside in coming months, with about 70% upside to our $12 target. Recent checks suggest Fairchild is tracking toward the high end of its 2Q revenue guidance, a positive."


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FCS 9.91

+0.40 +4.21%
Volume: 5,296,414
Track FCS

IRF 20.26

+0.42 +2.12%
Volume: 351,634
Track IRF


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