DA Davidson Starts RDA Microelectronics (RDA) at Buy; Expanding Market Opportunities

DA Davidson initiates coverage on RDA Microelectronics (NASDAQ: RDA) with a Buy. PT $18.00.

DA analyst, said, "We believe RDA’s product portfolio and position in the Chinese market will enable it the opportunity to capitalize on a range of growth trends. In particular, we see the growth in the 2G space along with the transition from 2G to 3G/4G smartphones as a catalyst for RDA’s Cellular business, most likely within the PA and front end module products. With various drivers present, we believe RDA is currently undervalued and deserves an earnings multiple in line with our other growth communications IC and PA companies."

For an analyst ratings summary and ratings history on RDA Microelectronics click here. For more ratings news on RDA Microelectronics click here.

Shares of RDA Microelectronics closed at $11.95 yesterday.

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