Montage Technology Shares Slip On Deutsche Bank Downgrade

In an intra-day note, Deutsche Bank analyst, Ross Seymore downgraded shares of Montage Technology Group

from Buy to Hold and maintained a $22.60 price target. The downgrade comes as Seymore believes the acquisition of Montage Technology by Shanghai Pudong Science and Technology will be completed, and his price target remains at the take out price. Additionally, Seymore has raised his third quarter 2014 revenue/PF and EPS estimates from $41.3 million and $0.42 to due to the company's better than expected guidance/