CLSA started coverage on a host of chip stocks, including some Apple (AAPL) suppliers, trying to separate the wheat from the chaff among Microchip Technology (MCHP), NXP Semiconductors (NXPI), Broadcom (AVGO), Intel (INTC) and others.
CLSA gave a buy rating to NXP, a supplier to Apple and the automotive market, with a 105 target. NXP rose intraday but closed down 0.3% at 84.75 on the stock market today.
Broadcom, another Apple supplier, gets an outperform rating from CLSA, with a 165 target. Broadcom fell 1% to 141.17.
CLSA gave a buy rating to Microchip with a 58 target. Microchip fell 0.35%.
Intel is seen underperforming the market with a 30 target. Intel shares fell 1.35% to 29.98 after closing Monday at 30.39.
One analyst thinks Darden Restaurants (DRI) is looking tasty, while another is curbing enthusiasm for F5 Networks (FFIV).
Piper Jaffray raised Darden to an outperform with a 78 target. Darden rose 1% to 63.90.
F5 Networks got a downgrade to sector weight from overweight at Pacific Crest as shares neared its prior 109 price target. Shares fell 3.3% to 103.83
FBR Capital thinks now is a good time to wade back into the oil patch, upgrading Halliburton (HAL) to outperform from market perform and raising its target to 49 from 44. Halliburton rose 2.5% to 41.17, also helped by rising oil prices.
