Stifel upgraded Alpha & Omega to Hold from Sell with a price target of $25, up from $18. The firm sees reduced risks after the company sold its China joint venture stake for $150M in cash. The risk/reward on Alpha & Omega shares is now relatively balanced, the analyst tells investors in a research note. Stifel now sees an improved balance sheet and a reduced China overhang for the company.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AOSL: