UPDATE: Barclays Capital Downgrades Cirrus Logic as Focus is Now on 1H Trough
October 30, 2013 at 10:44 AM EDT
In a report published Wednesday, Barclays Capital analyst Blayne Curtis downgraded the rating on Cirrus Logic (NASDAQ: CRUS ) from Equal-Weight to Underweight, but reiterated the $16.00 price target. In the report, Barclays Capital noted, “CRUS delivered slightly better Sept revenue with EPS well ahead (one-time GM benefit) but guided