Deutsche Bank Reiterates Hold Rating, $35 PT for Altera Corporation

In a company update published earlier today, Deutsche Bank AG reiterated its Hold rating and $35.00 price target for Altera Corporation ALTR. Deutsche Bank went on to say “We continue to view ALTR as one of the highest quality semi co's and believe it can outgrow the broader sector over time. However, we believe this combination of quality and growth is sufficiently reflected in the current valuation.” Altera Corporation closed yesterday at $32.60.