Wedbush Upgrades Monolithic Power Systems (MPWR) to Outperform; Healthy Risk/Reward

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Wedbush upgraded Monolithic Power Systems (NASDAQ: MPWR) from Neutral to Outperform. PT increased from $16 to $20.

Wedbush analyst says, "We are turning constructive on shares and now expect healthy returns driven by (1) better NT trends and bookings, (2) the depletion of excess channel inventory – a major headwind, (3) expectation for healthy GM expansion in 2011 (>500bp), and (4) Street estimates that should prove conservative."

For more ratings news on Monolithic Power Systems click here and for the rating history of Monolithic Power Systems click here.

Shares of Monolithic Power Systems closed at $15.77 yesterday, with a 52 week range of $14.75-$25.34.

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