Jefferies Starts NetLogic (NETL) at Buy

July 19, 2011 7:40 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 initiates coverage on NetLogic (NASDAQ: NETL) with a Buy rating and $51 price target.

The firm cited: "1) KBP grows at double digit rates, 2) Multicore processors grow penetration in Edge Router."

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

Shares of NetLogic closed at $37.56 yesterday.


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