UPDATE: JPMorgan Upgrades Altera
January 21, 2014 at 08:28 AM EST
In a report published Tuesday, JPMorgan analyst Philip Lee upgraded Altera (NASDAQ: ALTR ) to Overweight from Neutral, raising its price target to $38.00 from $32.00. According to the report, the upgrade is due to upside potential from higher carrier spending in China and an increasing payout ratio. The
