![]() He remains "very bullish" on the semiconductor stock in both the near and long term. ![]() ![]() Instead, the downgrade was more a result of valuation concerns following the stock's race up the charts. True, he recently downgraded the stock to Neutral from Outperform – the equivalents of Hold and Buy, respectively – but said that while he would typically "want to tie a rating change to some sort of negative catalyst frankly there is none." ![]() The optimism is shared by Wedbush analyst Matt Bryson. ![]()
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