UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Spreadtrum Communications
In a report published Friday, Jefferies & Company reiterated its Hold rating on Spreadtrum Communications (NASDAQ: SPRD), and slightly raised its price target from $19.00 to $20.00.
Jefferies noted, “While we remain positive on Spreadtrum's smartphone shipments, competition and R&D spending continue to pressure margins. Maintain Hold with a new PT of US$20 (from US$19).”
Spreadtrum Communications closed on Thursday at $21.33.
Latest Ratings for SPRD
|Aug 2013||Topeka Capital||Downgrades||Buy||Hold|
|Aug 2013||Chardan Capital||Downgrades||Buy||Neutral|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.