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Level 3, ON Semi, Rubicon outperform following PT hikes

Mar. 18, 2014 2:30 PM ETLevel 3 Communications, Inc. (LVLT) StockLVLT, ON, RBCNBy: Eric Jhonsa, SA News Editor
  • UBS has hiked its Level 3 (LVLT +2.5%) PT to $37 from $30. Shares are close to their 52-week high of $39.13. They jumped in February following strong Q4 EBITDA/margin numbers.
  • Deutsche has raised its ON Semi (ONNN +1.9%) PT to $12 from $11. Shares are near a 52-week high of $9.75.
  • D.A. Davidson has raised its Rubicon (RBCN +3.4%) PT to $17 from $13. Shares are close to a 52-week of $14.67, after having shot higher in February in spite of soft Q1 guidance.

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