Xilinx downgraded to Market Perform from Outperform at BMO Capital - InvestingChannel

Xilinx downgraded to Market Perform from Outperform at BMO Capital

BMO Capital analyst Ambrish Srivastava downgraded Xilinx to Market Perform from Outperform while raising his price target for the shares to $125 from $100. The chipmaker closed Friday up $1.34 to $126.64. The risk/reward is no longer at these share levels, Srivastava tells investors in a research note. The current valuation reasonably reflects the opportunity in front of Xilinx, adds the analyst. As such, Srivastava finds it hard to justify an Outperform rating.