By: Benzinga
December 05, 2012 at 12:22 PM EST
UPDATE: Jefferies & Company Reiterates Hold Rating, Lowers PT on Altera Corporation
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
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