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UPDATE: Sterne Agee Upgrades Diodes to Buy on Improving Margins

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Earnings Scheduled For February 14, 2017
Stocks Hitting 52-Week Highs

Sterne Agee raised its rating on Diodes (NASDAQ: DIOD) from Neutral to Buy and increased its price target from $13 to $22.

Sterne Agee noted, "While DIOD has underperformed the Analog group with declining gross margins, we believe gross margins will bottom at current levels. Also flattish fab capacity in 2013, improving end markets, and product mix position DIOD for improving gross margins and a multiple expansion from current levels."

Diodes closed at $16.21 on Thursday.

Latest Ratings for DIOD

DateFirmActionFromTo
Dec 2016Summit Redstone PartnersInitiates Coverage OnHold
Sep 2015BairdUpgradesOutperform
Jun 2015Longbow ResearchDowngradesBuyNeutral

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Posted-In: Sterne AgeeAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

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