Spreadtrum (SPRD) Shares Edge Higher Following New Overweight Rating from JPMorgan
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Price: $30.93 --0%
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Shares of Spreadtrum Communications (NASDAQ: SPRD) rallied nearly 2 percent in Thursday's afternoon session following a late-day bullish note from JPMorgan.
The firm initiated coverage on the stock with an Overweight rating and a $36 price target.
With Spreadtrum shares down about 4 percent to $27.81 this afternoon (despite the move higher following the new rating), JPMorgan's new price target suggests potential upside of about 29 percent.
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
The firm initiated coverage on the stock with an Overweight rating and a $36 price target.
With Spreadtrum shares down about 4 percent to $27.81 this afternoon (despite the move higher following the new rating), JPMorgan's new price target suggests potential upside of about 29 percent.
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
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