UPDATE: Sterne Agee Upgrades Diodes to Buy on Improving Margins
Sterne Agee raised its rating on Diodes (NASDAQ: DIOD) from Neutral to Buy and increased its price target from $13 to $22.
Sterne Agee noted, "While DIOD has underperformed the Analog group with declining gross margins, we believe gross margins will bottom at current levels. Also flattish fab capacity in 2013, improving end markets, and product mix position DIOD for improving gross margins and a multiple expansion from current levels."
Diodes closed at $16.21 on Thursday.
Latest Ratings for DIOD
|Jun 2015||Longbow Research||Downgrades||Buy||Neutral|
|Mar 2015||Raymond James||Downgrades||Strong Buy||Outperform|
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.