Kaufman Bros. Starts QLogic (QLGC) at Buy, $21 Target
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Price: $16.07 --0%
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 31
Rating Summary:
5 Buy, 11 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 4 | Down: 7 | New: 31
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Kaufman Bros. initiated coverage on QLogic (NASDAQ: QLGC) with a Buy rating and a $21 price target.
The new rating follows Q3 results and Q4 guidance on its call on Thursday. Shares are up about 6 percent this afternoon.
The firm said its positive view of the company is "predicated on its leadership position in host bus adapter products in the storage area network market along with its unique position in SAN switches."
For an analyst ratings summary and ratings history on QLogic click here. For more ratings news on QLogic click here.
The new rating follows Q3 results and Q4 guidance on its call on Thursday. Shares are up about 6 percent this afternoon.
The firm said its positive view of the company is "predicated on its leadership position in host bus adapter products in the storage area network market along with its unique position in SAN switches."
For an analyst ratings summary and ratings history on QLogic click here. For more ratings news on QLogic click here.
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