I don't understand analyst ratings. How can someone have a price target at $36 which is almost 40% above yesterday's close and have it rated a neutral? What kind of return does a stock have to have to get rated a buy LOL? His research is top notch and he understands the company more than anyone. Like I said, I just don't understand the overall conclusion. I am not saying he is wrong, just saying I don't understand the rating.
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Barron's today Price target 36
InterDigital - IDCC-NNM
Neutral - Price 24.89 on Aug. 11
by Hilliard Lyons
IDCC develops technology for advanced digital-wireless communications. Revenue of $58.7 million/EPS of 13 cents compared to our $59.1 million/11 cents estimate...We're positive on IDCC's ability to sign 3G licensing agreements with Samsung and Nokia....If a more attractive entry point [emerges], we'd consider [a rating] upgrade.Target: 36. Market cap: $1.1 billion.
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