Jefferies Boosts Price Target on Xilinx (XLNX) to $39

Jefferies lifted its price target on Xilinx (NASDAQ: XLNX) from $32 to $39, but kept its Hold rating.

The firm comments, "XLNX follows LLTC as the second semiconductor company to raise expectations for the MarQ. It’s early to say that it is a broad trend, but both are consistent with our thesis that supply chain inventories are lean and that the group is positioned for an inventory restock. We think that XLNX goes up, but prefer higher beta cyclical and product cycle plays like ONNN, TXN, AVGO, BRCM and MRVL."

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

Shares of Xilinx closed at $35.30 yesterday.

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