Jefferies Ups Price Target On Altera (ALTR), Maintains Buy

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/13/2026

1. CSCO
2. CBRS
3. COHR
4. WYFI
5. STUB
6. GO
7. CRS
8. EAT
9. FRMI
10. ANDG

January 25, 2012 9:09 AM EST
Get Alerts ALTR Hot Sheet
Price: $111.85 --0%

Rating Summary:
    4 Buy, 8 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 9 | New: 9
Join SI Premium – FREE
Jefferies raised its price target on Altera (NASDAQ: ALTR) from $44 to $46 and maintained their Buy rating following Q4 results and a Q1 miss. Estimates were cut lower.

The firm comments: "ALTR beat consensus 4Q11 revs by 3% and EPS by $0.04, but projected 1Q12 revs to decline by 5-9% QoQ and fall short of consensus by 6%. The 1Q miss is a disappointment and the higher multiple means higher risk, but we retain our Buy rating for 3 reasons: 1) we believe that inventories have materially burned off, 2) secular trends in PLDs, and 3) superior business model."

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

Shares of Altera closed at $40.12 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Jefferies & Co