Nomura keeps a cautious tone on Altera (ALTR), maintaining a Reduce rating and a dour $33 price...

|About: Altera Corporation (ALTR)|By:, SA News Editor

Nomura keeps a cautious tone on Altera (ALTR), maintaining a Reduce rating and a dour $33 price target on shares. Analysts see ongoing pressure for the firm from the slow recovery in wireless spending and find Altera's valuation too pricey.