Goldman Sachs Upgrades Altera (ALTR) to Buy On 2012 Semi Recovery

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/21/2026

1. TGT
2. WMT
3. EL
4. SPY
5. ROST
6. ADI
7. BILL
8. NTES
9. SPCX
10. DE

January 3, 2012 7:10 AM EST
Get Alerts ALTR Hot Sheet
Price: $111.85 --0%

Rating Summary:
    4 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 5 | New: 18
Join SI Premium – FREE
Goldman Sachs upgraded Altera (NASDAQ: ALTR) from Neutral to Buy with a price target of $44, saying they see the company as a structural winner benefiting from a semi recovery in 2012.

They see upside in the 1st-half of the year as shipments return to normalized levels after a significant inventory correction in the 2nd half of 2011.

While the firm is guarded on the pace of recover, they believe fundamentals can outperform due to: 1) greater exposure to wireless vs. wireline spending, 2) exposure to OEM customers such as Huawei that are gaining share, 3) continued share gains vs. Xilinx in 2012.

For an analyst ratings summary and ratings history on Altera click here. For more ratings news on Altera click here.

Shares of Altera closed at $37.10 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Hot Upgrades, Upgrades

Related Entities

Goldman Sachs