UPDATE: Oppenheimer Upgrades OmniVision Technologies to Outperform on Technological Edge
Oppenheimer raised its rating on OmniVision Technologies (NASDAQ: OVTI) from Perform to Outperform with a $21 price target.
Oppenheimer commented, "We note headwinds related to the competitive landscape and low gross margins; but with premium design wins and leading technologies we believe OVTI will remain a leader in the image sensor space. We expect market participants to lean heavily on this technology for differentiation."
OmniVision Technologies closed at $15.63 on Thursday.
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