Bank of America Downgrades Altera To Neutral - Altair Engineering (NASDAQ:ALTR)

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Analysts at Bank of America downgraded

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Altera Corporation

(NASDAQ: ALTR) from Buy to Neutral.The price target for Altera has been raised from $38.00 to $41.00.Altera shares have gained 19.02% over the past 52 weeks, while the S&P 500 index has surged 13.36% in the same period.Altera's shares closed at $37.49 in after-hours trading.