UPDATE: Oppenheimer Upgrades OmniVision Technologies to Outperform on Technological Edge
Oppenheimer raised its rating on OmniVision Technologies (NASDAQ: OVTI) from Perform to Outperform with a $21 price target.
Oppenheimer commented, "We note headwinds related to the competitive landscape and low gross margins; but with premium design wins and leading technologies we believe OVTI will remain a leader in the image sensor space. We expect market participants to lean heavily on this technology for differentiation."
OmniVision Technologies closed at $15.63 on Thursday.
Latest Ratings for OVTI
|Dec 2014||Northland||Downgrades||Buy||Market Perform|
|Aug 2014||Oppenheimer||Maintains||Market Perform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.