J.P. Morgan Reiterates Overweight Rating for OmniVision Technologies

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In a report published earlier today, J.P. Morgan & Co. reiterated its Overweight rating for OmniVision Technologies, Inc.
OVTI
, but did not name a price target. J.P. Morgan went on to say “Omnivision's move to 12-inch 65nm BSI-2 product is still a work in progress, which might explain management's circumspect commentary on the recent earnings call. We remain constructive regarding the firm's late 2012 through 2013 prospects, but we are incrementally cautious with a near-term perspective.” OmniVision Technologies, Inc. closed yesterday at $14.85.
Posted In: Analyst ColorReiterationAnalyst RatingsJ.P. Morgan & Co.
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