Morgan Stanley Upgrades Qorvo Inc (QRVO) to Overweight, 'volume recovery should lead to margin improvement'

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Go back to Morgan Stanley Upgrades Qorvo Inc (QRVO) to Overweight, 'volume recovery should lead to margin improvement'

The cyclical bottom is in sight for the semiconductor industry - Morgan Stanley

December 8, 2023 11:11 AM EST

Morgan Stanley has moved its industry view on Semiconductors from In-Line to Attractive, adjusting its ratings on three stocks in the sector in a note this week.

The firm upgraded shares of Qorvo (NASDAQ: QRVO) to Overweight from Equal Weight and lowered Qualcomm (NASDAQ: QCOM) and Lam Research (NASDAQ: LRCX) to Equal Weight from Overweight.

Analyst Joseph Moore said... More