UBS Downgrades Magnachip Semiconductor (MX) to Sell

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Chardan Capital Markets Downgrades Magnachip Semiconductor (MX) to Neutral

April 1, 2014 8:00 AM EDT

Chardan Capital Markets downgraded Magnachip Semiconductor (NYSE: MX) from Buy to Neutral following the resignation of the CFO and cancelling of its annual analyst day scheduled for May 9, 2014.

Analyst Jay Srivatsa comments, "These two events leads us to believe that... More