Canaccord Genuity Reiterates a 'Buy' on Spreadtrum Communications (SPRD); SC8810 Drives Growth
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Price: $30.93 --0%
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Spreadtrum Communications (NASDAQ: SPRD) price target of $19.00.
Analysht, T. Michael Walkley, said, "We hosted investor meetings with Diana Jovin, Spreadtrum’s VP of Strategy and Investor Relations, that focused on the company’s 2012 roadmap and growth drivers for H2/12. We believe Spreadtrum is well positioned for improving sales trends during H2/12 due to 2G/2.5G share gains in international markets with its 40 nm solutions, improving TD-SCDMA industry volumes and Spreadtrum’s design activity for its SC8810 1GHz smartphone solution."
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
Shares of Spreadtrum Communications closed at $14.91 yesterday.
Analysht, T. Michael Walkley, said, "We hosted investor meetings with Diana Jovin, Spreadtrum’s VP of Strategy and Investor Relations, that focused on the company’s 2012 roadmap and growth drivers for H2/12. We believe Spreadtrum is well positioned for improving sales trends during H2/12 due to 2G/2.5G share gains in international markets with its 40 nm solutions, improving TD-SCDMA industry volumes and Spreadtrum’s design activity for its SC8810 1GHz smartphone solution."
For an analyst ratings summary and ratings history on Spreadtrum Communications click here. For more ratings news on Spreadtrum Communications click here.
Shares of Spreadtrum Communications closed at $14.91 yesterday.
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