Wells Fargo Starts International Rectifier (IRF) at Outperform; New Growth Areas, Opportunities For Improving Margin
Get Alerts IRF Hot Sheet
Price: $39.98 --0%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Wells Fargo initiates coverage on International Rectifier (NYSE: IRF) with an Outperform. PT range $20-24.
Analyst, David Wong, said, "Investment positives include a large addressed market of about $13-14 billion, a focus on high-growth segments, including energy savings, enterprise power (computing and communications), and good margin leverage potential. Risks include large margin fluctuations in recent years, with low margin currently, the fact that revenue is recognized on sell-in to distribution, and a history of relatively low growth in the discrete semiconductor market."
For an analyst ratings summary and ratings history on International Rectifier click here. For more ratings news on International Rectifier click here.
Shares of International Rectifier closed at $19.58 yesterday.
Analyst, David Wong, said, "Investment positives include a large addressed market of about $13-14 billion, a focus on high-growth segments, including energy savings, enterprise power (computing and communications), and good margin leverage potential. Risks include large margin fluctuations in recent years, with low margin currently, the fact that revenue is recognized on sell-in to distribution, and a history of relatively low growth in the discrete semiconductor market."
For an analyst ratings summary and ratings history on International Rectifier click here. For more ratings news on International Rectifier click here.
Shares of International Rectifier closed at $19.58 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TD Cowen Resumes EQT Corp. (EQT) at Hold
- B.Riley Resumes Magnite (MGNI) at Buy
- Craig-Hallum Assumes Alimera Sciences (ALIM) at Buy
Create E-mail Alert Related Categories
New CoverageRelated Entities
Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!