Jefferies Starts Advanced Semiconductor Engin. (ASX) at Hold
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Price: $4.35 +4.07%
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
2 Buy, 3 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies initiates coverage on Advanced Semiconductor Engin. (NYSE: ASX) with a Hold.
The firm comments, "ASE is our preferred stock, though we initiate with a neutral view, in light of our cautious view on the sector. With the inflection point in earnings still two quarters away; uncertainty high and order visibility low; we prefer to adopt a wait and see approach. We initiate ASE with a Hold rating and P/B-based NT$27 PT."
For more ratings news on Advanced Semiconductor Engin. click here and for the rating history of Advanced Semiconductor Engin. click here.
Shares of Advanced Semiconductor Engin. closed at $4.49 yesterday.
The firm comments, "ASE is our preferred stock, though we initiate with a neutral view, in light of our cautious view on the sector. With the inflection point in earnings still two quarters away; uncertainty high and order visibility low; we prefer to adopt a wait and see approach. We initiate ASE with a Hold rating and P/B-based NT$27 PT."
For more ratings news on Advanced Semiconductor Engin. click here and for the rating history of Advanced Semiconductor Engin. click here.
Shares of Advanced Semiconductor Engin. closed at $4.49 yesterday.
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