Jefferies Raises PT and Estimates on Magnachip Semiconductor (MX); Visibility Best In Years
Tweet
Share
E-mailGet Alerts MX Hot Sheet
Price: $3.31 +0.91%
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
5 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies maintains a 'Buy' on Magnachip Semiconductor (NYSE: MX) price target raised from $41 to $49.
Analyst, Corey Davis, said, "Medicis reported the biggest upside in recent memory earlier this week with $0.60 EPS (consensus $0.47). However, much of this comes out of Q2 as wholesalers work down inventory of Solodyn and Ziana. We are raising numbers and have much higher conviction in out-year earnings."
FY12 EPS estimate raised from $2.67 to $2.77, FY13 from $3.14 to $3.27 and FY14 from $3.51 to $3.61.
For an analyst ratings summary and ratings history on Magnachip Semiconductor click here. For more ratings news on Magnachip Semiconductor click here.
Shares of Magnachip Semiconductor closed at $11.16 yesterday.
Analyst, Corey Davis, said, "Medicis reported the biggest upside in recent memory earlier this week with $0.60 EPS (consensus $0.47). However, much of this comes out of Q2 as wholesalers work down inventory of Solodyn and Ziana. We are raising numbers and have much higher conviction in out-year earnings."
FY12 EPS estimate raised from $2.67 to $2.77, FY13 from $3.14 to $3.27 and FY14 from $3.51 to $3.61.
For an analyst ratings summary and ratings history on Magnachip Semiconductor click here. For more ratings news on Magnachip Semiconductor click here.
Shares of Magnachip Semiconductor closed at $11.16 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Walmart (WMT) PT Lowered to $125 at JPMorgan, Overweight Rating Maintained as 'Short Case Feels Greedy'
- Ross Stores, Inc. (ROST) PT Raised to $240 at Bernstein SocGen Group
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & Co, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
