Deutsche Bank Reports on Fairchild Semiconductor (FCS)

In a report released yesterday, Deutsche Bank commented on Fairchild Semiconductor FCS. In the report, Deutsche Bank was mixed in its outlook on the company. Deutsche Bank writes, “While we remain constructive on FCS's structural improvements, we believe this upside is already reflected in the current share price (~10x our EPS upside scenario of $2.00). Consequently, we retain our Hold rating and $18 P/T” Deutsche Bank presently has a Hold rating on FCS and a price target of $18. Shares of the company closed at $20.45, down from the opening price of $19.72.