UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Altera Corporation
Posted on December 05, 2012 at 12:22 PM EST
In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Altera Corporation (NASDAQ: ALTR ), but slightly lowered its price target from $36.00 to $35.00. Jefferies noted, “ALTR narrowed the range of the 4Q revenue to decline by 8%-to-10%, 100 bps below consensus. The company also guided