FBR Capital reiterates an Outperform rating and $18 price target on Fairchild Semiconductor (FCS...


FBR Capital reiterates an Outperform rating and $18 price target on Fairchild Semiconductor (FCS +2.5%), believing the company will get a boost from the cyclical recovery in semiconductors, and that Apple is becoming a more important part of its total revenue stream - “another positive as Fairchild is increasingly viewed as a smartphone play."

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