Jefferies Downgrades NetLogic (NETL) to Hold

September 13, 2011 7:18 AM EDT
Get Alerts NETL Hot Sheet
Price: $26.29 --0%

Rating Summary:
    4 Buy, 12 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 5 | New: 71
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Jefferies downgraded NetLogic (NASDAQ: NETL) from Buy to Hold with a price target of $50 (up from $49). The downgrade follows Broadcom's acquisition of Netlogic at $50 per share.

For more ratings news on NetLogic click here and for the rating history of NetLogic click here.

Shares of NetLogic closed at $48.12 yesterday.


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