Auriga Maintains a 'Hold' on NetLogic (NETL); Acquisition Almost a Done Deal
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Price: $26.53 --0%
Rating Summary:
4 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 9 | New: 8
Rating Summary:
4 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 16 | Down: 9 | New: 8
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Auriga maintains a 'Hold' on NetLogic (NASDAQ: NETL) price target raised from $36 to $48.
Auriga analyst says, "We maintain our Rating, but increase our price target to $48 for NetLogic as Broadcom (Nasdaq: BRCM) has proposed a $50 per share offer which is likely to close in 1H12. We expect the proposed acquisition to receive all regulatory approvals and do not expect a higher offer, given the high premium offered by BRCM."
For more ratings news on NetLogic click here and for the rating history of NetLogic click here.
Shares of NetLogic closed at $48.12 yesterday.
Auriga analyst says, "We maintain our Rating, but increase our price target to $48 for NetLogic as Broadcom (Nasdaq: BRCM) has proposed a $50 per share offer which is likely to close in 1H12. We expect the proposed acquisition to receive all regulatory approvals and do not expect a higher offer, given the high premium offered by BRCM."
For more ratings news on NetLogic click here and for the rating history of NetLogic click here.
Shares of NetLogic closed at $48.12 yesterday.
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