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Morgan Stanley Pats Itself On The Back For Being 'Overweight' Atmel Shares, Offers Acquirer Advice

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"Atmel was of one of 3 stocks we said screened best for strategic value in a consolidating semi industry in a note published last week...Despite the company's uneven performance, we have stuck with our Overweight view recognizing this strategic value, see our note from 2/10/14."

Morgan Stanley says its bull case scenario for Atmel shares returns a price of $13 which includes M&A premium. As for what the acquirer should focus on MS says they should "be interested in improving upon Atmel's low teens OMs through cost synergies"

Latest Ratings for ATML

DateFirmActionFromTo
Jan 2016SunTrust Robinson HumphreyMaintainsNeutral
Jan 2016Raymond JamesDowngradesOutperformMarket Perform
Oct 2015Canaccord Genuity

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