FCS Upgraded, TP Raised
Analysts at Thomas Weisel Partners upgrade Fairchild Semiconductor International Inc (NYSE: FCS) from “underweight” to “market weight.” The target price for FCS has been raised from $8 to $9.
Fairchild Semiconductor International is poised for “optimum capacity utilization over the next few quarters.” FCS is likely to report its December quarter revenues at the top end of its guidance.
The analysts expect that FCS has completely filled March quarter orders and that the June quarter orders are currently being scheduled. Thus, ASPs are likely to remain stable through 1H10, as compared to the previous average sequential decline of 2%.
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Posted-In: Thomas Weisel PartnersAnalyst Color Upgrades Price Target Analyst Ratings
