Cirrus Logic rises on analyst upgrade
Shares of Cirrus Logic Inc. (Nasdaq:CRUS) have appreciated on news reports before the opening that the developer of integrated circuits has been upgraded. Analyst Heidi Poon with brokerage house Thomas Weisel Partners Group Inc. raised Cirrus Logic’s rating to “overweight” from “market weight”, projecting that the Austin, Texas-based company will increase its market share.
At 3:30 p.m. ET, the stock had climbed $0.38, or 6%, to $6.73. For detailed price information and recent news stories about Cirrus Logic, click CRUS.
