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International Rectifier (IRF -4.3%) is off after receiving a downgrade to Sell from Goldman's...

International Rectifier (IRF -4.3%) is off after receiving a downgrade to Sell from Goldman's James Schneider, who expects shares to underperform during the first stages of a chip industry recovery. Pricing and margin pressure for discrete analog chips, high inventories, and sub-par execution are all cited. Meanwhile, fellow analog names Linear Tech (LLTC -2.9%) and Analog Devices (ADI -1.5%) are slightly underperforming after respectively catching downgrades to Sell and Neutral from Citi.
Comments (2)
  • Doug Bartow
    , contributor
    Comment (1) | Send Message
     
    This article is incorrect....ADI was downgraded today from Buy to Neutral by Citi with a target price of $45. See the correct article at http://bit.ly/Zma4V8 .
    13 Dec 2012, 06:14 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (988) | Send Message
     
    That's what the post states. "Respectively catching downgrades to Sell and Neutral" means Linear was downgraded to Sell, and ADI to Neutral. Sorry for any confusion.
    13 Dec 2012, 06:17 PM Reply Like
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