Morgan Stanley Pats Itself On The Back For Being 'Overweight' Atmel Shares, Offers Acquirer Advice
"Atmel was of one of 3 stocks we said screened best for strategic value in a consolidating semi industry in a note published last week...Despite the company's uneven performance, we have stuck with our Overweight view recognizing this strategic value, see our note from 2/10/14."
Morgan Stanley says its bull case scenario for Atmel shares returns a price of $13 which includes M&A premium. As for what the acquirer should focus on MS says they should "be interested in improving upon Atmel's low teens OMs through cost synergies"
Latest Ratings for ATML
|Jan 2016||SunTrust Robinson Humphrey||Maintains||Neutral|
|Jan 2016||Raymond James||Downgrades||Outperform||Market Perform|
|Oct 2015||Canaccord Genuity|
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