UPDATE: Canaccord Genuity Lowers Altera's PT
According to a research report published this morning, Canaccord Genuity has lowered Altera's (NASDAQ: ALTR) PT from $40 to $35.
In the report, Canaccord Genuity said, “We lower our price target for ALTR and reiterate our HOLD rating as demand appears to be softening into the September quarter guide. Reiterated mid-quarter revenue view offers a mild near-term positive for the stock considering negative sentiment, while XLNX will likely continue to be seen as a share-gainer.”
Altera closed yesterday at $33.01.
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