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UPDATE: DA Davidson Upgrades Entropic Communications to Buy on Potential Design Win

Related ENTR
UPDATE: Credit Suisse Reiterates On Entropic Communications Following C3Q Rev Report
Entropic Announces CEO Transition

DA Davidson raised its rating on Entropic Communications (NASDAQ: ENTR) from Neutral to Buy and increased its price target from $6.50 to $7.

DA Davidson noted, "With the potential of a large design win in the future and continued adoption of MoCA 2.0 we are growing more optimistic about Entropic's long-term model. While we recognize there may still be some acquisition headwinds, we take the TWC potential as an indication the company can integrate the pieces and expand top and bottom line results."

Clearwire closed at $2.69 on Monday.

Latest Ratings for ENTR

DateFirmActionFromTo
Nov 2014Credit SuisseMaintainsUnderperform
Nov 2014Stifel NicolausUpgradesSellHold
Jul 2014Credit SuisseMaintainsUnderperform

View More Analyst Ratings for ENTR
View the Latest Analyst Ratings

Posted-In: DA DavidsonAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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