Rambus price target raised to $126 from $114 at Evercore ISI

Evercore ISI raised the firm’s price target on Rambus (RMBS) to $126 from $114 and keeps an Outperform rating on the shares. With shares trading 20% lower in after-hours following the company posting June quarter EPS in-line with the Street and providing a December quarter EPS outlook 2c above consensus, the firm would be buyers of weakness, the analyst tells investors.