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BRIEF-Morgan Stanley cuts U.S. semiconductor sector to cautious
By: AFX | 03 Nov 2009 | 07:07 AM ET
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Nov 3 (Reuters) - * Morgan Stanley cuts Altera to equal weight from overweight * Morgan Stanley cuts Intel to equal weight from overweight * Morgan Stanley raises Linear Technology to overweight from equal weight * Morgan Stanley cuts Micron Technology to equal weight from overweight * Morgan Stanley raises Maxim Integrated to overweight from equal weight * Morgan Stanley cuts NVIDIA ON Semiconductor to underweight from equal weight * Morgan Stanley cuts Xilinx to equal weight from overweight * Morgan Stanley cuts ARM Holdings to underweight from equal weight * Morgan Stanley cuts Altera price target to $21.5 from $26 * Morgan Stanley cuts AMD price target to $4 from $6 * Morgan Stanley cuts Atheros Communications price target to $26 from $31 * Morgan Stanley cuts Avago Technologies price target to $19 from $22 * Morgan Stanley cuts Broadcom price target to $33 from $37 * Morgan Stanley cuts Intel Corp price target to $22 from $25 * Morgan Stanley cuts Lattice Semiconductor price target to $1.7 from $2.7 * Morgan Stanley cuts Microchip Technology price target to $25 from $30 * Morgan Stanley cuts Marvell Technology price target to $18 from $20 * Morgan Stanley cuts National Semiconductor price target to $14 from $17 * Morgan Stanley cuts NVIDIA Corp price target to $9 from $11 * Morgan Stanley cuts ON Semiconductor price target to $6 from $9 * Morgan Stanley cuts PMC Sierra-price target to $10 from $12 * Morgan Stanley cuts Texas Instruments price target to $26 from $28 * Morgan Stanley cuts Xilinx Inc price target to $24 from $30 * Morgan Stanley cuts U.S. semiconductor sector to cautious from attractive (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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