FBR Capital Upgrades Atmel To Outperform

Analysts at FBR Capital upgraded Atmel

from Market Perform to Outperform. The price target for Atmel has been raised from $8.50 to $9.00. Atmel shares have dropped 4.53% over the past 52 weeks, while the S&P 500 index has surged 13.56% in the same period. Atmel's shares surged 2.88% to $7.15 in after-hours trading.