Schaeffer's Trading Floor Blog

Analyst Downgrades: AUY, LSCC, and SYNA

Analysts downwardly revised their ratings on Yamana Gold, Lattice Semiconductor, and Synaptics

by 6/15/2012 10:03 AM
Stocks quoted in this article:

Analysts are weighing in today on precious metals miner Yamana Gold Inc. (AUY - 16.26), chip stock Lattice Semiconductor (LSCC - 3.81), and hardware developer Synaptics, Incorporated (SYNA - 26.07). Here's a quick roundup of today's bearish brokerage notes.

  • Dundee downgraded AUY to "neutral" from "buy," sending the stock down 0.3% at last look. Despite today's dip, the shares remain north of their 10-day moving average, which has guided AUY higher since May 17. Year-to-date, the stock is up 11%, but it's trading just below resistance in the $16.50-$18 area. This region has held the equity in check since last August.

  • LSCC is off 1.3% following a cut to "hold" from "buy" at Craig-Hallum. Additionally, Jefferies lowered its price target to $7 from $8.50, and Mizuho Securities trimmed its target to $5 from $6.50. The stock has been locked in a steep downtrend this year, with LSCC down 35.2% year-to-date. Even more troubling, the shares have now breached the $4 level, which previously served as support dating back to April 2010.

  • Mizuho Securities also weighed in on SYNA, reducing its price target to $24 from $35. The downwardly revised target represents a discount of 8.4% to Thursday's close at $26.19. Most analysts have higher hopes for the tech stock, with the average 12-month price target checking in at $38.22. SYNA is off 0.5% this morning, adding to its 2012 deficit of 13.1%.


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