Goldman Sachs Starts Freescale Semiconductor (FSL) at Neutral, Sees Limited Upside
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Price: $36.53 --0%
Rating Summary:
8 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs initiates coverage on Freescale Semiconductor (NYSE: FSL) with a Neutral rating and $17 price target.
While the company sees significant EPS growth in 2H12 and 2013, they believe other names are more compelling as Freescale has 5X net leverage and could do a dilutive equity raise to pay down debt. The firm also sees limited upside to their price target.
For an analyst ratings summary and ratings history on Freescale Semiconductor click here. For more ratings news on Freescale Semiconductor click here.
Shares of Freescale Semiconductor closed at $15.95 yesterday.
While the company sees significant EPS growth in 2H12 and 2013, they believe other names are more compelling as Freescale has 5X net leverage and could do a dilutive equity raise to pay down debt. The firm also sees limited upside to their price target.
For an analyst ratings summary and ratings history on Freescale Semiconductor click here. For more ratings news on Freescale Semiconductor click here.
Shares of Freescale Semiconductor closed at $15.95 yesterday.
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