Analyst sees Chartered gaining share

June 4, 2008 – A tighter capex environment and announced price hikes by foundry competitors could offer some market share benefit to Singapore foundry Chartered Semiconductor, according to an analyst’s report picked up by Barrons.

Morgan Stanley’s Bill Lu thinks tight leading-edge capacity, as well as plans by TSMC and UMC, among others, to raise their prices, could make the Singapore foundry “the key beneficiary with potential for share gains and better profitability this year.”

Lu has raised his rating on CHRT shares to Overweight from Equal Weight, and his price target to $1.10 (Singapore dollars) vs. $0.78.


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