Altera Downgraded to Neutral at Goldman Sachs Group Inc. (ALTR)
Altera (NYSE:ALTR) was downgraded by equities researchers at Goldman Sachs Group Inc. to a “neutral” rating in a research report issued on Friday, Analyst RN reports.
A number of other firms have also recently commented on ALTR. Analysts at JMP Securities initiated coverage on shares of Altera in a research note to investors on Thursday, December 12th. They set a “market outperform” rating and a $41.00 price target on the stock. Separately, analysts at William Blair downgraded shares of Altera to an “underperform” rating in a research note to investors on Monday, December 2nd. Finally, analysts at Raymond James cut their price target on shares of Altera from $42.00 to $40.00 in a research note to investors on Tuesday, November 19th. They now have a “strong-buy” rating on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $37.43.
Shares of Altera (NYSE:ALTR) traded up 0.47% on Friday, hitting $32.17. 1,650,534 shares of the company’s stock traded hands. Altera has a 52 week low of $30.62 and a 52 week high of $39.18. The stock has a 50-day moving average of $31.8 and a 200-day moving average of $34.4. The company has a market cap of $10.331 billion and a P/E ratio of 22.41.
Altera Corporation (NYSE:ALTR) is a semiconductor company.
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