Fairchild Semiconductor (FCS) Misses Q2 EPS by 7c; Guides Below the Street

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FBR Capital Downgrades Fairchild Semi (FCS) to Market Perform

July 19, 2013 7:43 AM EDT

FBR Capital downgraded Fairchild Semi (NYSE: FCS) from Outperform to Market Perform with a price target of $14.00 (from $16.00) following weak results and guidance, significantly below the Street.

"... it appears yet another company has fallen victim to falling PC and flagship... More