Nvidia Said Too Rich Vs. Chip Peers, Downgraded

By | January 9, 2014

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Nvidia (NVDA), after the stock’s recent run-up, might be too pricey vs. some of its chip peers. That’s the assessment from Bobby Burleson, an analyst for Canaccord Genuity, who on Thursday downgraded the Nvidia stock to hold from buy. But Burleson retained a 16 price target. Nvidia stock was down 3.5% in morning trading in the stock market today, near 15.80. The stock touched an 11-month high of 16.44 on Wednesday. Nvidia stock had risen more than Scalper1 News

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