UPDATE: UBS Upgrades NVIDIA (NVDA) to Buy; Four Reasons To Like; Downside Risk Limited by Product Cycle

(Updated - June 11, 2012 12:29 PM EDT)

UBS upgraded NVIDIA (NASDAQ: NVDA) from Neutral to Buy. PT unchanged at $15.50.

Analyst, Uche Orji, cited four reasons for the move up to 'Buy' including: 1) attractive risk-reward with the recent share pullback, 2) emerging lead role for the Windows-on-ARM campaign (Nasdaq: MSFT), 3) Kepler GPU product cycle coupled with likely resilient attach rates, 4) Professional Solutions Business continues to drive operating profit.

UBS maintains FY13 EPS estimate at $0.72 (in-line w/consensus) and FY14 at $0.89 (vs. $0.94 Street consensus)

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

Shares of NVIDIA closed at $12.12 yesterday.

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