Rambus (RMBS +9.1%) soars on an upgrade to Overweight from JPMorgan, which argues the memory IP...

|By:, SA News Editor

Rambus (RMBS +9.1%) soars on an upgrade to Overweight from JPMorgan, which argues the memory IP firm's shares have suffered enough this year, and that downside is limited by Rambus' cash and contract revenue. It also thinks a settlement with SK Hynix could act as a positive catalyst - Rambus received a mixed verdict in an age-old suit against the DRAM maker in September. JPMorgan downgraded Rambus in June, when shares were over 20% higher.