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Needham Upgrades Hutchinson Technology (HTCH) to Hold

September 8, 2009 12:00 PM EDT
HTCH Hot Sheet
Rating Summary:
    1 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 1
Needham & Co. upgrades Hutchinson Technology (Nasdaq: HTCH) from Underperform to Hold.

Shares of Hutchinson are up more than 9% today following news this morning that the company now sees breakeven net income for Q4.

To see all the analyst upgrades/downgrades on shares of Hutchinson, visit our Analyst Ratings page.

Hutchinson Technology Incorporated engages in the design, development, manufacture, and marketing of suspension assemblies for disk drives primarily in Thailand, Hong Kong, Japan, the United States, and the People's Republic of China.

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