Wells Fargo Starts International Rectifier (IRF) at Outperform; New Growth Areas, Opportunities For Improving Margin

June 7, 2012 7:32 AM EDT
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Price: $39.98 --0%

Rating Summary:
    4 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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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.

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