Wednesday May 7, 03:47 PM
CSR "hold," target price reduced
By Dresdner Kleinwort Wasser.
LONDON, May 6 (newratings.com) - Analysts at Dresdner Kleinwort maintain their "hold" rating on CSR Plc (LSE: CSR.L - news) (ticker: CSR-GBX).
The target price has been reduced from 350p to 300p.
In a research note published this morning, the analysts mention that there is a lack of consumer interest for the company's mono headsets at lower price points. CSR's share in Bluetooth is likely to be 46%-47% in 2008, down from 52% last year, the analysts say. Growth in the Bluetooth TAM has disappeared, resulting in a rise in pressure on CSR to deliver in GPS and WiFi, Dresdner Kleinwort adds.
© 2008 New Ratings
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