Canaccord Genuity Initiates Silicon Laboratories With Buy

Analysts at Canaccord Genuity initiated coverage on Silicon Laboratories

with a Buy rating. The target price for Silicon Laboratories is set to $50. Silicon Laboratories shares have surged 6.64% over the past 52 weeks, while the S&P 500 index has gained 12.49% in the same period. Silicon Laboratories' shares dropped 0.60% to close at $41.75 yesterday.