RMBS Surges 12%: JP Morgan Ups to Buy, Risks Priced in
Posted on November 19, 2012 at 14:49 PM EST
Shares of memory chip interface designer Rambus (RMBS) are up 47 cents, or almost 12%, at $4.54 after J.P. Morgan’s Paul Coster today raised his rating on the stock to Overweight from Neutral, with a $7 price target, arguing that after a 46% fall this year through Friday’s close, the shares are “de-risked.” At $4 [...]