FBR Capital Downgrades Atmel (ATML) to Market Perform Amid Takeover
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Price: $8.14 --0%
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
9 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital downgraded Atmel (NASDAQ: ATML) from Outperform to Market Perform with a price target of $10.50 (from $11.00) after the company agreed to be acquired by German chipmaker Dialog Semiconductor announced its intent to purchase Atmel for $4.6 billion or $10.42 per share.
For an analyst ratings summary and ratings history on Atmel click here. For more ratings news on Atmel click here.
Shares of Atmel closed at $7.27 yesterday.
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