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Pre-Open Stock Movers 10/28: (SMCI) (GIMO) (BHI) Higher; (SNMX) (MCK) (SYNA) Lower (more...)

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Oppenheimer Raises Price Target on Cirrus Logic, Inc. (CRUS); Reiterates Outperform

October 28, 2016 10:02 AM EDT

Oppenheimer reiterated an Outperform rating on Cirrus Logic (NASDAQ: CRUS), and raised the price target to $65.00 (from $60.00), following the company's 2Q earnings report. sales and EPS of $428.6M/$1.35 came in ahead of $400.0M/$1.08 expectations.

Analyst Rick Schafer commented, "We are... More