Nomura Securities analyst Romit Shah today raised his rating on Advanced Micro Devices (AMD) to Buy from Neutral, arguing the Street is wrong in expecting zero growth in revenue next year, especially since AMD could wrest control of Apple’s (AAPL) Macbook Air laptop from Intel (INTC).
It would be the first [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Atheros Communications (ATHR) shares are trading modestly lower after Barclays Capital analyst Romit Shah this morning reduced his rating on the stock to Equal Weight from Overweight. He keeps his $40 target.
“While the design win pipeline has never been strong, it is unclear if notebooks and the 802.11m product cycle in networking can overwhelm like-for-like pricing and share loss in netbooks,” he writes in a research note.
ATHR is down $1.20, or 3.2%, to $36.02.
Article courtesy of BARRONS.com: Tech Trader Daily