Freescale Semi Now Covered by SunTrust (FSL)
SunTrust assumed coverage on shares of Freescale Semi (NYSE: FSL) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm issued a buy rating and a $20.00 target price on the stock.
Freescale Semi opened at 15.82 on Tuesday. Freescale Semi has a 1-year low of $7.63 and a 1-year high of $16.36. The stock’s 50-day moving average is currently $14.87. The company’s market cap is $3.967 billion.
FSL has been the subject of a number of other recent research reports. Analysts at Citigroup reiterated a buy rating on shares of Freescale Semi in a research note to investors on Wednesday, January 30th. They now have a $18.00 price target on the stock, up previously from $15.00. Separately, analysts at Goldman Sachs reiterated a buy rating on shares of Freescale Semi in a research note to investors on Wednesday, January 30th. They now have a $14.00 price target on the stock, up previously from $12.50. Finally, analysts at Deutsche Bank raised their price target on shares of Freescale Semi from $12.00 to $15.00 in a research note to investors on Wednesday, January 30th. They now have a buy rating on the stock.
Eight equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and five have assigned a hold rating to the company’s stock. The company has an average rating of overweight and a consensus target price of $14.43.
Freescale Semiconductor, Inc. manufactures microcontrollers, microprocessors and semiconductors. The Company offers microcontroller solutions, such as the components of embedded control systems, including embedded processors, microcontrollers, and embedded microprocessors that are used in automotive, consumer, industrial, and computer peripheral applications.
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