A roundup of tech ratings changes


Sprint (S -3%) has been cut to Market Perform by Cowen, and to Neutral by Macquarie, following a major run-up fueled in part by T-Mobile M&A hopes.

T-Mobile (TMUS -1.5%), meanwhile, has been pulled from Goldman's Conviction Buy list. Its shares have taken off in response to reports Sprint and Dish are mulling bids.

Xilinx (XLNX +1.1%) has been upgraded to Buy by Goldman, and rival Altera (ALTR -1.8%) has cut to Neutral.

UniPixel (UNXL -4.4%) has been cut to Market Perform by Cowen following the departure of its CEO and COO.

Intersil (ISIL -4.9%) has been cut to Underweight by Evercore.

NXP (NXPI -4.3%) and ON Semi (ONNN -4.7%) have been cut to Neutral by Goldman, and fellow chipmaker Analog Devices (ADI -2.5%) has been cut to Sell. ADI has also been cut to Market Perform by Wells Fargo.

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Comments (1)
  • jokes21
    , contributor
    Comments (57) | Send Message
     
    NXPI set to earn $4 FY2014. Better than 25% earnings growth. PE of less than 12. Cut to neutral. Yeah, OK Goldman.
    2 Jan 2014, 09:51 AM Reply Like
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