RF Micro (RFMD +0.4%) has been received a two-notch upgrade of sorts from Raymond James, getting lifted to Strong Buy from Market Perform. Rival Skyworks (SWKS -0.9%) has been upgraded to Strong Buy from Outperform.
Nokia (NOK +3%) has been upgraded to Outperform by RBC, and has received a two-notch upgrade to Buy by Berenberg. The company has already received a slew of upgrades since the Microsoft deal was announced.
Himax (HIMX +4%) has been started at Outperform by Northland.
All bets may not be off regarding iGate (IGTE) after the company dismissed CEO Phaneesh Murthy this week, but Oppenheimer's are, at least in terms of predicting a price. Analyst Glenn Greene removes his $22 target and downgrades the shares to Perform from Outperform, saying "Mr. Murthy was instrumental in IGTE's growth strategy and we suspect key customer relationships. He will not easily be replaced."
iGate (IGTE -11.1%) tumbles after "terminating the employment" of CEO Phaneesh Murthy. The company says Murthy's failure to report a relationship with a"subordinate employee" constituted a violation of both company policy and the CEO's employment contract. (PR)