Cirrus Logic (CRUS +3.1%), whose shares have already surged thanks to booming Apple orders, is...

|About: Cirrus Logic, Inc. (CRUS)|By:, SA News Editor

Cirrus Logic (CRUS +3.1%), whose shares have already surged thanks to booming Apple orders, is rallying again following an upgrade to Buy from Oppenheimer's Dick Schafer. Schafer believes Cirrus, whose audio codec chips are used in the iPhone 4S and iPad 2, is unlikely to lose business with Apple this year, and shares have more room to run given a reasonable valuation of 13x next year's EPS.