Market Overview

UPDATE: FBR Capital Markets Downgrades NVIDIA to Market Perform on PC Weakness

Share:
Related NVDA
Bank Of America's 10 Most Explosive Stock Picks
BlackBerry Could Be An M&A Target For These 10 Companies
New Tech Powers Car Buying As People Want Safety Most (Investor's Business Daily)

FBR Capital Markets reduced its rating on NVIDIA (NASDAQ: NVDA) from Outperform to Market Perform and lowered its price target from $17.50 to $14.

FBR Capital Markets commented, "We are downgrading shares of NVDA to Market Perform as we meaningfully reduce exposure to PC chip stocks given ongoing demand weakness, poor reports about Win8 uptake and consumer receptivity, and continuing smartphone/tablet cannibalization impacts. While we do think NVIDIA is the most resilient PC chip stock in the sector today thanks to its "premium" product positioning in PCs … [w]e are moving to the sidelines with NVDA and rate the stock Market Perform given ongoing demand weakness in PCs, smartphone/tablet cannibalization impacts, and a lack of meaningful catalysts until next year."

NVIDIA closed at $12.86 on Thursday.

Latest Ratings for NVDA

DateFirmActionFromTo
Mar 2015Goldman SachsDowngradesNeutralSell
Mar 2015Bank of AmericaUpgradesNeutralBuy
Feb 2015Canaccord GenuityMaintainsHold

View More Analyst Ratings for NVDA
View the Latest Analyst Ratings

Posted-In: FBR Capital MarketsAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (NVDA)

Around the Web, We're Loving...