UPDATE: UBS Starts Freescale Semiconductor (FSL) at Neutral; Solid L-T Opportunities, But N-T Limited

August 28, 2012 7:19 AM EDT
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Price: $36.53 --0%

Rating Summary:
    11 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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(Updated - August 28, 2012 9:52 AM EDT)

UBS initiates coverage on Freescale Semiconductor (NYSE: FSL) with a Neutral. PT $11.75.

Analyst, Steven Eliscu, said, "We believe share price appreciation is likely to be limited given few near-term catalysts in a weak macro and a multi-year turn-around that is still in progress. While we applaud the recent appointment of CEO Gregg Lowe and believe he can implement changes to drive longer-term growth, the primary impact is likely 1-3 years out."

For an analyst ratings summary and ratings history on Freescale Semiconductor click here. For more ratings news on Freescale Semiconductor click here.

Shares of Freescale Semiconductor closed at $10.45 yesterday.

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