InvenSense higher after Canaccord launch

|About: InvenSense (INVN)|By:, SA News Editor

Canaccord has launched coverage on InvenSense (INVN +1.8%) with a Buy and $29 target.

The launch comes ten days after InvenSense posted its FQ1 report. The motion sensor vendor offered mixed FQ2 guidance, but also hiked its FY15 guidance and made CC remarks (transcript) about growing North American sales with the help of "significant share gain at several existing and new customers" (quite possibly a reference to Apple).