Market Overview

UPDATE: Deutsche Bank Raises PT on Freescale Semiconductor Following Management Meetings

Related FSL
Fairchild, Power Integration & Semtech In Play On Rumor Of Infineon Chip Acquisition
5 Top Performing Semiconductor Stocks
Malaysia Airlines Shares Tumble After Jet Vanishes (Fox Business)

In a report published Thursday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Freescale Semiconductor (NYSE: FSL), and raised the price target from $15.00 to $20.00.

In the report, Poole noted, “Management meeting takeaways - FSL appears poised to hold share in 2013 and perhaps make gains in some focus markets such as Digital Networking and RF. The company is highly exposed to service provider spending, but is not relying on a single customer or geography for growth. Share gains, margin tailwind (DN & RF + for GM), and continued deleveraging of the balance sheet can deliver EPS growth through 2014 even in a mixed demand environment. We raise P/T to $20 and reiterate Buy rating. Although FSL is not immune to macro headwinds, the company has multiple company-specific EPS drivers.”

Freescale Semiconductor closed on Wednesday at $14.47.

Latest Ratings for FSL

Jul 2014Morgan StanleyUpgradesUnderweightEqual-weight
Jul 2014NeedhamDowngradesStrong BuyHold
Jul 2014NeedhamDowngradesStrong BuyHold

View More Analyst Ratings for FSL
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (FSL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters