Drexel Hamilton Initiates Coverage on Altera (ALTR)
Drexel Hamilton assumed coverage on shares of Altera (NYSE:ALTR) in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock.
ALTR has been the subject of a number of other recent research reports. Analysts at Robert W. Baird upgraded shares of Altera from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 26th. They now have a $45.00 price target on the stock, up previously from $37.00. Analysts at Morgan Stanley raised their price target on shares of Altera from $38.00 to $40.00 in a research note to investors on Friday, August 16th. They now have an “overweight” rating on the stock. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $37.23.
Altera (NYSE:ALTR) traded down 0.14% on Tuesday, hitting $33.13. 4,326,748 shares of the company’s stock traded hands. Altera has a 1-year low of $29.59 and a 1-year high of $38.97. The stock has a 50-day moving average of $36.0 and a 200-day moving average of $34.20. The company has a market cap of $10.584 billion and a price-to-earnings ratio of 21.27.
Altera Corporation (NYSE:ALTR) is a semiconductor company.
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