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Bernstein Downgrades United Microelectronics (UMC) to Underperform

August 9, 2012 7:42 AM EDT
Get Alerts UMC Hot Sheet
Price: $19.15 -1.19%

Rating Summary:
    3 Buy, 10 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Bernstein downgraded United Microelectronics (NYSE: UMC) from Market Perform to Underperform with a price target of $1.90 (from $2.60), citing CAPEX and pricing pressure.

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

Shares of United Microelectronics closed at $2.22 yesterday.


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