UPDATE: Goldman Sachs Downgrades M/A-COM Technology Solutions on Valuation
October 08, 2013 at 10:51 AM EDT
In a report published Tuesday, Goldman Sachs analyst Mark Delaney downgraded the rating on M/A-COM Technology Solutions Holdings (NASDAQ: MTSI ) from Buy to Neutral, but reiterated the $17.00 price target. In the report, Goldman Sachs noted, “We downgrade M/A-COM (MTSI) to Neutral from Buy due entirely to valuation, as