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Micron's Problem Is Execution, Credit Suisse Says
Friday, June 26, 2015 - 1:12pm | 235In a report published Friday, Credit Suisse analyst John W. Pitzer maintained an Outperform rating on Micron Technology, Inc. (NASDAQ: MU), while lowering the price target from $50 to $34, following the F3Q miss and disappointing F4Q guidance. "While weak PC demand YTD has been a clear negative,...
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Analysts Harsh On SanDisk's Q1 Suffering
Thursday, April 16, 2015 - 3:59pm | 221SanDisk Corporation's (NASDAQ: SNDK) disappointing dip in first-quarter earnings and an outlook below expectations sparked a raft of downgrades and sent the company's shares down nearly 5 percent. At least four downgrades came reportedly from Credit Suisse, Citigroup, Susquehanna and Raymond James...
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Credit Suisse Reacts To Negative C1Q Preannouncement From Intel
Friday, March 13, 2015 - 8:51am | 155In a report published Friday, Credit Suisse analyst John W. Pitzer reiterated an Outperform rating and $40.00 price target on Intel Corporation (NASDAQ: INTC). In the report, Credit Suisse noted, "Pre-open Thursday, INTC neg. pre-announced C1Q, lowering the mid-point of rev to $12.8bn from $13.7bn...
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Credit Suisse Reiterates Outperform, Raises Price Target On Avago Technologies On Expected Further Stability
Thursday, February 26, 2015 - 10:45am | 176In a report published Thursday, Credit Suisse analyst John W. Pitzer reiterated an Outperform rating on Avago Technologies Ltd. (NASDAQ: AVGO), and raised the price target from $125.00 to $140.00. In the report, Credit Suisse noted, "Avago is an established supplier of analog-rich semiconductor...
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Credit Suisse Raises Price Target On Freescale Semiconductor On EPS Upside
Wednesday, January 28, 2015 - 9:06am | 197In a report published Wednesday, Credit Suisse analyst John W. Pitzer reiterated an Outperform rating on Freescale Semiconductor Ltd. (NYSE: FSL), and raised the price target from $30.00 to $35.00. In the report, Credit Suisse noted, “Our Outperform rating on FSL is based on our view that the...
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Credit Suisse Raises Price Target On Texas Instruments As Consistency Is Exciting
Tuesday, January 27, 2015 - 9:44am | 260In a report published Tuesday, Credit Suisse analyst John W. Pitzer reiterated a Neutral rating on Texas Instruments Incorporated (NASDAQ: TXN), and raised the price target from $50.00 to $55.00. In the report, Credit Suisse noted, “For C4Q, TXN posted in-line Rev and upside to EPS and guided C1Q...
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UPDATE: Credit Suisse Raises Price Target On Maxim Integrated Products As Stock Is Turning The Corner
Friday, January 23, 2015 - 11:31am | 242In a report published Friday, Credit Suisse analyst John W. Pitzer reiterated a Neutral rating on Maxim Integrated Products Inc. (NASDAQ: MXIM), and raised the price target from $32.00 to $35.00. In the report, Credit Suisse noted, “MXIM BEAT F2Q(Dec) Rev/EPS and guided F3Q(Mar) Rev/EPS ABOVE CS/...
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Credit Suisse Raises Price Target On Applied Materials
Tuesday, January 20, 2015 - 6:53pm | 213Credit Suisse raised its price target on Applied Materials, Inc. (NASDAQ: AMAT) from $26 to $30 Tuesday and maintained an Outperform rating. Analysts Farhan Ahmad and John W. Pitzer assumed coverage of the stock and expected “that the merger with Tokyo Electron (TEL) will close in C1H15...
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Credit Suisse Raises Price Target On Lam Research
Tuesday, January 20, 2015 - 6:48pm | 196Credit Suisse raised its price target on Lam Research Corporation (NASDAQ: LRCX) from $85 to $104 Tuesday and maintained an Outperform rating. Analysts Farhan Ahmad and John W. Pitzer assumed coverage of the stock and noted that the “company has $2bn (40 percent of CY13 rev) of SAM...
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UPDATE: Credit Suisse Lowers Price Target On SanDisk Following Negative C4Q Preview
Tuesday, January 13, 2015 - 10:16am | 176In a report published Tuesday, Credit Suisse analyst John W. Pitzer reiterated an Outperform rating on SanDisk Corporation (NASDAQ: SNDK), but lowered the price target from $105.00 to $100.00. In the report, Credit Suisse noted, “SNDK negatively pre'd C4Q Rev/GM to $1.73bn (-1% q/q) /45% from prior...
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UPDATE: Credit Suisse Raises PT on Cypress Semiconductor Corporation on Potential CODE Merger
Tuesday, December 9, 2014 - 10:46am | 152In a report published Tuesday, Credit Suisse analyst John W. Pitzer reiterated a Neutral rating on Cypress Semiconductor Corporation (NASDAQ: CY), and raised the price target from $9.50 to $12.00. In the report, Credit Suisse noted, “CY has successfully repositioned itself from a low margin memory...
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UPDATE: Credit Suisse Reiterates On Cypress Semiconductor On Merger Agreement
Tuesday, December 2, 2014 - 11:15am | 262In a report published Tuesday, Credit Suisse analyst John W. Pitzer reiterated a Neutral rating on Cypress Semiconductor Corporation (NASDAQ: CY), and raised the price target from $9.50 to $12.00. In the report, Credit Suisse noted, “Post mkt CY announced a definitive agreement to merge with CODE...
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UPDATE: Credit Suisse Reiterates On Entropic Communications Following C3Q Rev Report
Tuesday, November 11, 2014 - 10:19am | 149In a report published Tuesday, Credit Suisse analyst John W. Pitzer reiterated an Underperform rating on Entropic Communications (NASDAQ: ENTR), but lowered the price target from $3.00 to $2.75. In the report, Credit Suisse noted, “We are encouraged by ENTR's decision to exit the STB SoC space, an...
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Credit Suisse Still Sees Significant Appreciation Potential For Micron Technology, Inc.
Friday, September 26, 2014 - 9:58am | 255In a report published Friday, Credit Suisse analyst John W. Pitzer reiterated an Outperform rating and $50.00 price target on Micron Technology, Inc. (NASDAQ: MU). In the report, Credit Suisse noted, “Despite being up 46% YTD and 353% since 1Q13 – we continue to argue that MU still has significant...
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Credit Suisse Sees 7% Q3 Earnings Beat For Micron Technology, Inc.
Tuesday, September 23, 2014 - 7:39am | 199Micron Technology, Inc. (NASDAQ: MU) will beat fiscal third-quarter earnings on Thursday with better-than expected pricing trends for its flash and dynamic random access memory computer chips, an analyst said Monday. Longer term, increasing demand for the Boise, Idaho, chipmakers' DRAM chips should...