he upgraded on Feb 4 from 7 to 8, now he downgrades from 8 to 7.5. Saying that atml is no longer the frontrunner in the S4 is based on what? Saying that multi chip touch solutions are replaced by single chip solutions is old news from 2012. An analyst should make a fundamental analysis and look into the future instead of mentioning rumors or old information. Also the timing tells me that he simply wanted to give an additional knock on the stock.
FBR. has a real bad track record when atml @ 10.. 3/232012 upped PT from 12.50- to 14.00. After atml dropped to 6.7. dropped price target to 10. Upped the PT atml bumped up to 7. Hasn't got it right. But the Worse was USB in Nov with their downgrade. Ironically according to the NADAQ USB increased their ATML position by 11% during that quarter.
Most analysis seem to rely on old info to support their Rating.
All points well taken. I totally agree. Downgrades and Upgrades have become such a joke. They are simply used to manipulate a stock based on one's current position. The game is rigged. The fact that FBR decided to downgrade is a bullish signal for me. As for the S4, if ATML is no longer the front-runner ( I believe ATML is the front-runner- then who is the front runner?? Tell us who it is. The S4 phone debuts on March 14th -- kinda late to be talking about front runners and such. The cat is already out of the bag -- my money is on ATML.