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Morgan Stanley Upgraded the Semiconductor Sector (SMH) to Attractive (BRCM, MRVL, MU, more)

May 18, 2009 7:40 AM EDT
SMH Hot Sheet
Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Morgan Stanley upgraded the Semiconductor space (NYSE: SMH) from In-Line to Attractive.

The firm upgraded Broadcom (Nasdaq: BRCM), Marvell Technology Group Ltd. (Nasdaq: MRVL) and Micron (NYSE: MU) from Equal Weight to Overweight.

MEMC Electronic Materials Inc. (NYSE: WFR) was upgraded from Undrerweight to Neutral.

Altera Corp. (Nasdaq: ALTR), Applied Micro Circuits Corp. (Nasdaq: AMCC), Lattice Semiconductor (Nasdaq: LSCC), Xilinx Inc. (Nasdaq: XLNX) were downgraded from Equal Weight to Underwight.

PMC-Sierra Inc. (Nasdaq: PMCS) was downgraded from Overweight to Equal Weight.

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