JPMorgan analyst Jay Kwon upgraded Nanya Technology (NNYAF) to Neutral from Underweight with a price target of NT$46.50, up from NT$20. The firm says its shorter legacy memory down-cycle thesis is materializing, creating a positive pricing reaction for the legacy memory cycle. As a result, JPMorgan sees the risk/reward for the overall memory space turning incrementally positive.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue