WR Hambrecht & Co follows up where Merrill Lynch left off yesterday - reiterating bullish sentiment for the chip sector. In their industry update the brokerage firm raises price targets for several high-profile semiconductor companies. Read all about it, and see which companies they are bullish about in today's CNET Investor featured broker story.
Sector: Communications Components
We are reiterating our Strong Buy recommendations for the shares of Altera and Vitesse. We are reiterating our Buy recommendations for the shares of Marvell, Broadcom, and Xilinx. We are raising our 12-month price target for the shares of Broadcom to $60 from $50. We are raising our 12-month price target for the shares of Marvell to $40 from $36. We believe the upcoming Cisco earnings report on August 7 will reinforce our bullish stance on the wireline communications semiconductor sector.
To view the report online, click here:
Sector: Communications Components
We are reiterating our Strong Buy recommendations for the shares of Altera and Vitesse. We are reiterating our Buy recommendations for the shares of Marvell, Broadcom, and Xilinx. We are raising our 12-month price target for the shares of Broadcom to $60 from $50. We are raising our 12-month price target for the shares of Marvell to $40 from $36. We believe the upcoming Cisco earnings report on August 7 will reinforce our bullish stance on the wireline communications semiconductor sector.
To view the report online, click here: