Canaccord Genuity Reiterates a 'Buy' on Standard Microsystems (SMSC); Key Growth Initiatives on Track
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Price: $36.98 --0%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on Standard Microsystems (NASDAQ: SMSC) price target of $25.00.
Canaccord analyst, Bobby Burleson, said, "We reiterate our rating on SMSC, based on strong growth prospects for wireless audio and automotive. While NovQ results and FebQ guidance are disappointing, they are largely due to one-time tax and inventory events that exacerbated the effects of general industry softness." (Canaccord lowers FY13 EPS estimate to $1.17)
For an analyst ratings summary and ratings history on Standard Microsystems click here. For more ratings news on Standard Microsystems click here.
Shares of Standard Microsystems closed at $24.98 yesterday.
Canaccord analyst, Bobby Burleson, said, "We reiterate our rating on SMSC, based on strong growth prospects for wireless audio and automotive. While NovQ results and FebQ guidance are disappointing, they are largely due to one-time tax and inventory events that exacerbated the effects of general industry softness." (Canaccord lowers FY13 EPS estimate to $1.17)
For an analyst ratings summary and ratings history on Standard Microsystems click here. For more ratings news on Standard Microsystems click here.
Shares of Standard Microsystems closed at $24.98 yesterday.
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