Rambus (RMBS +5.7%) is rallying on an upgrade to Overweight from JPMorgan, which thinks a 41%...

|By:, SA News Editor

Rambus (RMBS +5.7%) is rallying on an upgrade to Overweight from JPMorgan, which thinks a 41% YTD drop (as of Monday's close) protects investors from further downside. A stock price of $4-$4.50 can be justified merely by the value of Rambus' contracted license revenue and cash, the firm argues. Shares fell yesterday on a BWS downgrade. (previous)