Topeka Capital Upgrades Magnachip Semiconductor To Buy

Analysts at Topeka Capital upgraded Magnachip Semiconductor Corp (NYSE: MX) from Hold to Buy.

The price target for Magnachip Semiconductor is set to $9.

Magnachip Semiconductor shares have dropped 48.55 percent over the past 52 weeks, while the S&P 500 index has surged 10.46 percent in the same period.

Magnachip Semiconductor shares rose 5.79 percent to $6.76 in pre-market trading.