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Cirrus a Buy with a Lower Target
Cirrus Logic, Inc. (CRUS - Analyst Report) is a fabless OEM of analog, mixed-signal, and digital processing integrated circuits.
The company has preannounced revenue for the third quarter. We have adjusted our numbers downward to reflect this and have reduced our estimates for 2009 and 2010.
Our recommendation remains a BUY but we have reduced our target price to $5.00.
Read the full analyst report on CRUS
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| Market Summary | Nov 08, 2009 06:07 am ET |
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