Market Overview

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

DateFirmActionFromTo
Aug 2014Deutsche BankDowngradesBuyHold
Jun 2014Chardan CapitalDowngradesBuyNeutral
Jun 2014Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for MONT
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Ross SeymoreAnalyst Color Upgrades Price Target Analyst Ratings

 

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