Freescale Semi (FSL) Tops Q3 EPS by 6c, Q4 Revenue Guidance Misses

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Freescale Semiconductor (FSL) Numbers Trimmed at Piper Jaffray, Bullish View Maintained

October 24, 2014 12:07 PM EDT

Piper Jaffray analyst Ruben Roy reiterated an Overweight rating but trimmed his price target on Freescale Semiconductor (NYSE: FSL) to $28.00 (from $31.00) following Q3 results.

Roy commented, "Management execution continued in Q3 with another solid quarter of Y/Y revenue growth and improvement... More