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UPDATE: Sterne Agee Upgrades Diodes to Buy on Improving Margins

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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

DateFirmActionFromTo
Sep 2014BairdDowngradesOutperformNeutral
Aug 2014Raymond JamesMaintainsOutperform
Jun 2014Raymond JamesMaintainsOutperform

View More Analyst Ratings for DIOD
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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