Friday November 20, 05:33 PM
STOCKS NEWS US-BMO starts semi sector at "market perform"
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
1209 EST 20Nov2009-BMO starts semi sector at 'market perform'
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BMO Capital Markets on Friday started coverage on the U.S. semiconductor
sector with a 'market perform' rating, citing the need for caution on the group
because of a sharp bounce in fundamentals in 2009.
As part of its call, BMO started coverage on Intel Corp (NASDAQ: INTC - news) with an
'outperform' rating and Advanced Micro Devices (NYSE: AMD - news) at 'market perform.'
For details, see
On Thursday, Bank of America (NYSE: IKJ - news) -Merrill Lynch (NYSE: MER - news) cut its growth outlook on the
semi group and downgraded several stocks, including Dow component Intel.
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