Market Overview

UPDATE: Stifel Nicolaus Raises PT to $70 on Hittite Microwave on End-Market Strength

Related HITT
Analog Devices Shares Rocket Higher Following Barclays Upgrade
Top 4 Mid-Cap Stocks In The Semiconductor-Integrated Circuits Industry With The Highest ROE

Stifel Nicolaus reiterated its Buy rating on Hittite Microwave (NASDAQ: HITT) and raised its price target from $62 to $70.

Stifel Nicolaus noted, "Communications infrastructure spending should improve and drive estimates higher. Recent comments by AT&T on plans to increase CapEx a net positive for HITT. Additionally, Mindspeed earlier today raised its guidance on improving demand for wireline and wireless products. We believe improving demand for communications products is positive for HITT. … HITT is expanding into networking and applications, an adjacent high-performance IC market to telecom to drive growth and further diversification."

Hittite Microwave closed at $62.54 on Tuesday.

Latest Ratings for HITT

Jul 2014DA DavidsonTerminatesNeutral
Jun 2014Wells FargoDowngradesOutperformMarket Perform
Jun 2014DA DavidsonDowngradesBuyNeutral

View More Analyst Ratings for HITT
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (HITT)

View Comments and Join the Discussion!