RDA Microelectronics trades up on Topeka PT hike

|About: RDA Microelectronics, Inc. (RDA)|By:, SA News Editor

RDA Microelectronics (RDA +2.3%) shares trade up after Topeka Capital Markets raises its PT to $17 from $14 and reiterates a Buy rating.

Analyst Suji De Silva: "Our checks indicate an improving demand/inventory situation in the China handset market coupled with a normalization of currency headwinds that impacted China handset exports."