FBR Capital reiterates an Outperform rating and $18 price target on Fairchild Semiconductor (FCS...

|By:, SA News Editor

FBR Capital reiterates an Outperform rating and $18 price target on Fairchild Semiconductor (FCS +2.5%), believing the company will get a boost from the cyclical recovery in semiconductors, and that Apple is becoming a more important part of its total revenue stream - “another positive as Fairchild is increasingly viewed as a smartphone play."