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A day after Reuters reported that chipmaker Atmel (ATML) has hired a firm to explore strategic alternatives including a possible sale, one analyst increased his price target on Atmel stock. FBR Capital Markets analyst Christopher Rolland, in a research report Tuesday, raised his price target on Atmel stock to 12 from 10, saying the company “remains our top takeout candidate.” Rolland says suitors could include Qualcomm (QCOM), Avago Technologies Scalper1 News
Scalper1 News