DA Davidson Initiates QLogic With Buy

Analysts at DA Davidson initiated coverage on QLogic Corp. QLGC with a Buy rating. The target price for QLogic is set to $17. QLogic shares have gained 7.95% over the past 52 weeks, while the S&P 500 index has surged 13.10% in the same period. QLogic's shares fell 0.62% to close at $12.77 yesterday.