UPDATE: Morgan Stanley Raises PT on RDA Microelectronics on 2G Feature Phone Upside
March 06, 2013 at 14:08 PM EST
In a report published Wednesday, Morgan Stanley maintained RDA Microelectronics (NYSE: RDA ) at Equal-Weight and raised its price target from $10.00 to $11.00 on 2G feature phone upside. Morgan Stanley reported that, “While we were too conservative on RDA's feature phone shipments, we still see 2013 as a transition