Spreadtrum (SPRD +9.7%) rallies on an upgrade to Overweight from Morgan Stanley., which is now...

|About: Spreadtrum Communications, ... (SPRD)|By:, SA News Editor

Spreadtrum (SPRD +9.7%) rallies on an upgrade to Overweight from Morgan Stanley., which is now more confident about the chipmaker's feature phone and smartphone sales. MS is lifting its 2013 revenue forecast to $842.1M from $787.5M, and its EPS forecast for the year is 20% above a Bloomberg consensus of $2.23. It was reported recently that Spreadtrum is scoring new TD-SCDMA 3G design wins with Samsung.