Goldman Sachs Starts Microsemi Corporation (MSCC) at Neutral
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Price: $68.74 --0%
Rating Summary:
2 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 13 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs initiates coverage on Microsemi Corporation (NASDAQ: MSCC) with a Neutral. PT $18.00.
While the company has executed well over the last five years, Goldma believes Street estiamtes are too high as: key end markets will likely slow; fab consolidation plans are complete; accretive M&A is less likely now that Microsemi is net leveraged at 2X 2012E EBITDA.
For an analyst ratings summary and ratings history on Microsemi Corporation click here. For more ratings news on Microsemi Corporation click here.
Shares of Microsemi Corporation closed at $18.05 yesterday.
While the company has executed well over the last five years, Goldma believes Street estiamtes are too high as: key end markets will likely slow; fab consolidation plans are complete; accretive M&A is less likely now that Microsemi is net leveraged at 2X 2012E EBITDA.
For an analyst ratings summary and ratings history on Microsemi Corporation click here. For more ratings news on Microsemi Corporation click here.
Shares of Microsemi Corporation closed at $18.05 yesterday.
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