Rambus (RMBS +5.7%) is rallying on an upgrade to Overweight from JPMorgan, which thinks a 41% YTD drop (as of Monday's close) protects investors from further downside. A stock price of $4-$4.50 can be justified merely by the value of Rambus' contracted license revenue and cash, the firm argues. Shares fell yesterday on a BWS downgrade.
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