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UPDATE: Evercore Group Reiterates on Monolithic Power Systems Following Meetings Last Week
Monday, February 24, 2014 - 8:50am | 92In a report published Monday, Evercore Group analyst Patrick Wang reiterated an Overweight rating on Monolithic Power Systems (NASDAQ: MPWR), and raised the price target from $40.00 to $46.00. In the report, Evercore Group noted, “After our meetings last week, we come away with even greater...
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UPDATE: Evercore Group Upgrades NVIDIA on Progress in Growth Drivers
Thursday, February 13, 2014 - 9:37am | 108In a report published Thursday, Evercore Group analyst Patrick Wang upgraded the rating on NVIDIA (NASDAQ: NVDA) from Underweight to Equal-Weight, and raised the price target from $12.00 to $16.00. In the report, Evercore Group noted, “NVIDIA continues to make progress in its growth drivers (auto...
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Evercore Group is Awaiting Confirmation That ON Semiconductor Corp. Has Turned the Corner
Friday, February 7, 2014 - 8:57am | 117In a report published Friday, Evercore Group analyst Patrick Wang reiterated an Equal-Weight rating and $8.00 price target on ON Semiconductor Corp. (NASDAQ: ONNN). In the report, Evercore Group noted, “Although ON printed a solid beat and raise and SANYO (now SSG) stabilized and achieved B/E, we...
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Evercorp Maintains on Applied Micro Circuits
Friday, January 24, 2014 - 10:06am | 123In a report published Friday, Evercorp analyst Patrick Wang maintained Overweight on Applied Micro Circuits (NASDAQ: AMCC), with a $20.00 price target. According to the report, the analyst's thesis remains intact, based on the forthcoming disruption created by the ARM server camp that's led by X-...
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UPDATE: Evercorp Upgrades NVIDIA
Tuesday, January 21, 2014 - 8:59am | 147In a report published Tuesday, Evercorp analyst Patrick Wang upgraded NVIDIA (NASDAQ: NVDA) to Equal-weight, with a $16.00 price target. According to the report, while still cautious on the company's fundamentals going forward, a material downside in the near to medium term is no longer seen. “...
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Evercore Maintains Underweight on Intel
Friday, January 17, 2014 - 10:06am | 131In a report published Friday, Evercore analyst Patrick Wang maintained Underweight on Intel (NASDAQ: INTC), keeping its $20.00 price target. According to the report, regardless of seemingly better consumer PC data points and improving investor sentiment a cautious view is maintained over INTC. “...
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Evercore Group Feels Confident in ARM Following Dinner with VP of Investor Relations
Tuesday, January 7, 2014 - 11:29am | 166In a report published Tuesday, Evercore Group analyst Patrick Wang reiterated an Overweight rating and $64.00 price target on ARM (NASDAQ: ARMH). In the report, Evercore Group noted, “We remain confident in ARM's near-term trends despite increasing concern of a possible inventory correction. We'...
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Shares of Intersil Respond to Evercore Downgrade
Thursday, January 2, 2014 - 4:33pm | 98Shares of Intersil (NASDAQ: ISIL) took a sharp drop following Evercore analyst Patrick Wang's downgrade from Equalweight to Underweight and $9 price target reiteration. Wang reported that Intersil stock has gained since November due to better sentiment on PC's. The analyst noted that investors...
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UPDATE: Evercore Raises PT on Broadcom Following Company Analyst Day
Wednesday, December 11, 2013 - 12:42pm | 113In a report published Wednesday, Evercore Group analyst Patrick Wang reiterated an Overweight rating on Broadcom Corporation (NASDAQ: BRCM), and raised the price target from $30.00 to $34.00. In the report, Evercore Group noted, “Coming from the Analyst Day, our thesis remains intact as management...
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Evercore Reiterates Underweight on Intel Following Earnings Call, Broadwell Delay
Wednesday, October 16, 2013 - 9:04am | 198In a report published Wednesday, Evercore analyst Patrick Wang reiterated an Underweight rating and $20.00 price target on Intel Corporation (NASDAQ: INTC). In the report, Evercore noted, “Our thesis remains intact and we come away from the earnings call incrementally more cautious on a number of...
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Evercore Partners Reiterates Underweight on Intel Following IDF Keynotes/Meetings
Monday, September 16, 2013 - 8:51am | 166In a report published Monday, Evercore Partners analyst Patrick Wang reiterated an Underweight rating and $20.00 price target on Intel Corporation (NASDAQ: INTC). In the report, Evercore Partners noted, “After several days of IDF keynotes and meetings with Intel execs and industry contacts, we...