NVIDIA "sell," target price reduced

06/21/06 - Deutsche Bank

NEW YORK, June 21 (newratings.com) - Analysts at Deutsche Bank maintain their "sell" rating on NVIDIA Corporation (NVDA). The target price has been reduced from $20 to $18.5.

In a research note published yesterday, the analysts mention that the redesigning of Conroe's gaming systems is expected to present significant market share expansion opportunities for ATI Technologies. NVIDIA's chipset business is expected to witness competitive challenges from ATI Technologies and Intel going forward, the analysts add.