Markets & Finance

Prudential Upgrades Genesis Microchip to 'Buy'


Prudential upgradedGenesis Microchip (GNSS) to buy from hold.

Analyst Tristan Gerra says revenue was in line with guidance, while EPS, excluding pro-forma tax adjustments, was$0.01 higher than her estimate. She thinks current valuation is compelling, with the stock trading at 14.5 times and 2.2 times her calendar 2003 EPS and revenue estimates, respectively.

Gerra sees $1.20 fiscal 2003 (March) EPS, and $1.46 for fiscal 2004. She believes current valuation reflects sub-$1.00 EPS levels, and sees little downside to her new estimates, which she believes reflects conservative pricing and market share assumptions. Gerra has a $40 target.


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus