UPDATE: Stifel Nicolaus Lowers PT on BCD Semiconductor to $9
Stifel Nicolaus is out with its report today on BCD Semiconductor (NASDAQ: BCDS), lowering its PT from $11 to $9.
In its report, Stifel Nicolaus writes, "We maintain a Buy rating on BCDS stock. Our 12-month price target of $9 (down from $11) represents 12.5x our revised non-GAAP EPS and 1.1x EV/sales (CY12E)."
Shares of BCDS closed Thursday at $5.60.
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