UPDATE: JP Morgan Upgrades Rambus to Overweight on Valuation
Posted on November 19, 2012 at 07:27 AM EST
JP Morgan raised its rating on Rambus (NASDAQ: RMBS ) from Neutral to Overweight with a reiterated $7 price target. JP Morgan noted, "After falling 46% year-to-date (S&P 500 up 8.1%), we think the stock, trading at trough-level