Montage Technology Shares Slip On Deutsche Bank Downgrade
In an intra-day note, Deutsche Bank analyst Ross Seymore downgraded shares of Montage Technology (NASDAQ: MONT) from Buy to Hold and maintained a $22.60 price target.
The downgrade comes as Seymore believes the acquisition of Montage Technology by Shanghai Pudong Science and Technology will be completed, and his price target remains at the take-out price.
Additionally, Seymore has raised his third quarter 2014 revenue/PF and EPS estimates from $41.3 million and $0.42 to due to the company's better-than-expected guidance.
Latest Ratings for MONT
|Aug 2014||Deutsche Bank||Downgrades||Buy||Hold|
|Jun 2014||Chardan Capital||Downgrades||Buy||Neutral|
|Jun 2014||Wells Fargo||Downgrades||Outperform||Market Perform|
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