Rambus (RMBS) volatility increases into Q3 and outlook
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Jefferies Raises Price Target on Rambus (RMBS) Following 3Q Report
October 25, 2016 8:09 AM EDTJefferies reiterated a Hold rating on Rambus Inc. (NASDAQ: RMBS), and raised the price target to $13.50 (from $12.50), following the company's 3Q earnings report. RMBS reported sales/EPS of $89.9M/$0.16, 380bps and 4c above consensus, respectively. RMBS's 4Q sales/EPS outlook midpoints of $96M/$0.16 are above... More
