RBC Capital Initiates Microsemi At Outperform

Analysts at RBC Capital initiated coverage on Microsemi

with a Outperform rating. The target price for Microsemi is set to $29. Microsemi shares have dropped 9.86% over the past 52 weeks, while the S&P 500 index has gained 10.64% in the same period. Microsemi's shares rose 2.34% to close at $23.58 yesterday.