Canaccord Genuity Reiterates a 'Buy' on Integrated Device (IDTI) Ahead of Analyst Day

Canaccord Genuity reiterates a 'Buy' on Integrated Device Technology (NASDAQ: IDTI) price target of $8.00.

Analyst, Bobby Burleson, said, "We reiterate rating on IDTI ahead of Tuesday's analyst day, as we believe the company is likely to demonstrate considerable progress on the development of its analog/mixed-signal portfolio and indicate healthy momentum for the current quarter. Our estimates are unchanged."

For an analyst ratings summary and ratings history on Integrated Device Technology click here. For more ratings news on Integrated Device Technology click here.

Shares of Integrated Device Technology closed at $6.81 yesterday.

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