Jefferies Starts Advanced Semiconductor Engin. (ASX) at Hold

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November 2, 2011 7:07 AM EDT
Get Alerts ASX Hot Sheet
Price: $38.12 +3.59%

Rating Summary:
    5 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 5 | Down: 11 | New: 27
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Jefferies initiates coverage on Advanced Semiconductor Engin. (NYSE: ASX) with a Hold.

The firm comments, "ASE is our preferred stock, though we initiate with a neutral view, in light of our cautious view on the sector. With the inflection point in earnings still two quarters away; uncertainty high and order visibility low; we prefer to adopt a wait and see approach. We initiate ASE with a Hold rating and P/B-based NT$27 PT."

For more ratings news on Advanced Semiconductor Engin. click here and for the rating history of Advanced Semiconductor Engin. click here.

Shares of Advanced Semiconductor Engin. closed at $4.49 yesterday.

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