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Home › Wells Fargo turns bullish on chip stocks, upgrades MU/ADI/MSCC

 

Wells Fargo turns bullish on chip stocks, upgrades MU/ADI/MSCC

2016-03-05 04:01:44| Electronics - Topix.net

Following a rough 2015 in which weak PC demand, slowing smartphone growth, plunging memory prices, and a late-year inventory correction all weighed, Wells Fargo's David Wong thinks a chip industry recovery is on the way. His rating for the sector has been upped to Overweight from Market Weight, and his ratings for Micron , Analog Devices , and Microsemi in particular have been raised to Outperform.

Tags: turns chip stocks wells

Category:Electronics and Electrical

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