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Fly News Breaks for September 11, 2018
RNECY, IDTI
Sep 11, 2018 | 08:13 EDT
Roth Capital analyst Suji Desilva downgraded Integrated Device (IDTI) to Neutral from Buy on the announcement of its planned all-cash acquisition by Renesas (RNECY). With Integrated Device added to its portfolio, the analyst expects Renesas to benefit from a more diversified product offering across embedded controllers and analog-mixed signal products. Desilva also raised his price target on Integrated Device shares to $49 from $40.
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