Cantor Fitzgerald Starts Mindspeed Technologies (MSPD) at Buy; Small-Cell Crackerjack and Leveraged 4G Play

Cantor Fitzgerald initiates coverage on Mindspeed Technologies (NASDAQ: MSPD) with a Buy. PT $9.00.

Analyst, Daniel Gelbtuch, said, "While MSPD shares are up 40% YTD, we believe they do not adequately reflect Mindspeed’s incomparable positioning within the nascent femotcell/picocell (small wireless base station) space. Thus, we believe MSPD is a superb leveraged play on the imminent ramp of 4G mobile."

"We believe MSPD's small-cell base station segment (~17% of FY:12 revenues) along with its core businesses will see their addressable markets (TAM) increase from $700M currently, to $3B+ in 2016."

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

Shares of Mindspeed Technologies closed at $6.42 yesterday.

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