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Oppenheimer Downgrades Applied Micro Circuits (AMCC) to Perform

February 1, 2012 7:42 AM EST
Get Alerts AMCC Hot Sheet
Price: $8.45 --0%

Rating Summary:
    1 Buy, 11 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Oppenheimer downgraded Applied Micro Circuits (NASDAQ: AMCC) from Outperform to Perform.

The firm notes shares have outperformed off October lows and the promise of X-Gene is now reflected in the stock price. They now see the lack of obvious near-term catalysts and/or P/E support.

For an analyst ratings summary and ratings history on Applied Micro Circuits click here. For more ratings news on Applied Micro Circuits click here.

Shares of Applied Micro Circuits closed at $7.83 yesterday.


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