Goldman Sachs Removes Sell Rating on Xilinx (XLNX); Upgrades to Neutral
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Price: $194.92 --0%
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
7 Buy, 28 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs upgraded Xilinx (NASDAQ: XLNX) from Sell to Neutral and raised their price target from $25 to $33.
The firm said PLD are nearly in line with normalized levels and they no longer see a negative catalyst to warrant their Sell rating.
The firm raised FY12-FY14 estimates to $2.15/$2.30/$2.50 from $1.90/$2.00/$2.15 to account for their less cautious fundamental outlook.
For more ratings news on Xilinx click here and for the rating history of Xilinx click here.
Shares of Xilinx closed at $33.76 yesterday.
The firm said PLD are nearly in line with normalized levels and they no longer see a negative catalyst to warrant their Sell rating.
The firm raised FY12-FY14 estimates to $2.15/$2.30/$2.50 from $1.90/$2.00/$2.15 to account for their less cautious fundamental outlook.
For more ratings news on Xilinx click here and for the rating history of Xilinx click here.
Shares of Xilinx closed at $33.76 yesterday.
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