Fairchild Reports Results for the Second Quarter 2015
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FBR Capital Upgrades Fairchild Semi (FCS) to Outperform; Bar Reset
July 17, 2015 7:19 AM EDTFBR Capital upgraded Fairchild Semi (NASDAQ: FCS) from Market Perform to Outperform with a price target of $20.00, saying the bar has been reset after a challenging quarter.
Analyst Christopher Rolland commented, "Fairchild reported worse-than-expected results and guidance, owing to weaker Samsung (déjà vu?) and Chinese appliance shipments. Also disappointing were 2Q15 gross... More
