Freescale Semiconductor (FSL) Target Lifted at RBC Capital

RBC Capital analyst Doug Freedman reiterated an Outperform rating and bumped his price target on Freescale Semiconductor (NYSE: FSL) from $25 to $28 saying the company is hitting their stride.

"Following our visit to FSL’s Tech Forum, we are increasingly confident that the company’s operational momentum is in the early stages as roadmap across Networking, Processing, and Sensing appears impressive and well-received. Increase PT to $28, reflecting foreseeable longer-term product share gains with an improving capital structure," Freedman said.

For an analyst ratings summary and ratings history on Freescale Semiconductor click here. For more ratings news on Freescale Semiconductor click here.

Shares of Freescale Semiconductor closed at $25.27 yesterday.

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