UPDATE: Oppenheimer Upgrades OmniVision Technologies (OVTI) to Outperform

Article Stock Quotes (1) Comments (0)

(Updated - September 21, 2012 10:07 AM EDT)

Oppenheimer upgraded OmniVision Technologies (NASDAQ: OVTI) from Perform to Outperform with a $21 price target.

The firm comments, "We note headwinds related to the competitive landscape and low gross margins; but with premium design wins and leading technologies we believe OVTI will remain a leader in the image sensor space. We expect market participants to lean heavily on this technology for differentiation."

For an analyst ratings summary and ratings history on OmniVision Technologies click here. For more ratings news on OmniVision Technologies click here.

Shares of OmniVision Technologies closed at $15.63 yesterday, with a 52 week range of $10.15-$21.12.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Cantor Fitzgerald Upgrades Cubist Pharmaceuticals (CBST) to Hold
• KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
• The ExOne Company (XONE) Metal Opportunity to Keep Stock Going - FBR

Create E-mail Alert Related Categories

Upgrades

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?