Barclays Starts Magnachip Semiconductor (MX) at Overweight; Solid Margin Expansion; Value Idea
Tweet
Share
E-mailGet Alerts MX Hot Sheet
Price: $3.81 +1.87%
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays initiates coverage on Magnachip Semiconductor (NYSE: MX) with an Overweight. PT $18.
Barclays analyst says, "Our thesis on this value idea is that MX may outperform supported by margin expansion driven by a combination of restructured operations, an improving mix and a roster of new products driving solid sales growth. Although we recognize the risks associated with positioning in fiercely competitive markets and with more limited near term visibility given recent events in Japan that could prompt pressure on near term sales, we believe that these factors appear largely reflected in current valuation levels and initiate with OW rating."
For more ratings news on Magnachip Semiconductor click here and for the rating history of Magnachip Semiconductor click here.
Shares of Magnachip Semiconductor closed at $13.95 yesterday.
Barclays analyst says, "Our thesis on this value idea is that MX may outperform supported by margin expansion driven by a combination of restructured operations, an improving mix and a roster of new products driving solid sales growth. Although we recognize the risks associated with positioning in fiercely competitive markets and with more limited near term visibility given recent events in Japan that could prompt pressure on near term sales, we believe that these factors appear largely reflected in current valuation levels and initiate with OW rating."
For more ratings news on Magnachip Semiconductor click here and for the rating history of Magnachip Semiconductor click here.
Shares of Magnachip Semiconductor closed at $13.95 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
- Oppenheimer Starts Carriage Services (CSV) at Outperform
- Barclays Downgrades HelloFresh SE (HFG:GR) (HLFFF) to Underweight
Create E-mail Alert Related Categories
New CoverageRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
