RBC Starts Semi Stocks: SNDK at Top Pick, INTC, TXN, ADI, MRVL, CY at Outperform, ALTR, BRCM, FSL at Sector Perform

RBC Capital's Doug Freedman initiated coverage on a number of stocks in the Semi sector Wednesday morning:

• SanDisk (Nasdaq: SNDK) with a Top Pick rating and a $66 price target
  
• Intel (Nasdaq: INTC) with a Outperform rating and a $28 price target
  
• Texas Instruments (NYSE: TXN) with a Outperform rating and a $35 price target
  
• Analog Devices (NYSE: ADI) with a Outperform rating and a $43 price target
  
• Marvell (Nasdaq: MRVL) with a Outperform rating and a $21 price target
  
• Cypress Semi (NYSE: CY) with a Outperform rating and a $23 price target
  
• Altera (Nasdaq: ALTR) with a Sector Perform rating and a $41 price target
  
• Broadcom (Nasdaq: BRCM) with a Sector Perform rating and a $42 price target
  
• Freescale Semi (NYSE: FSL) with a Sector Perform rating and a $15 price target

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