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Spreadtrum Communications, AŞ Message Board

  • chs19932003 chs19932003 Mar 29, 2013 11:12 PM Flag

    Bank of America new price target $30

    Bank of America upgraded shares of Spreadtrum Comms (NASDAQ: SPRD) from a neutral rating to a buy rating in a research note issued to investors on Friday.

    “We forecast 2013/14 EPS of US$2.64/3.17, respectively, for Spreadtrum, i.e., 21/27% above the street. We upgrade our rating from Neutral to Buy and price objective from US$18.18 to US$30"

    Sentiment: Strong Buy