21 October 12 20:05–Mizrahi Tefahot Bank (TASE:MZTF) has lowered its target price for Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) by 4% to $111.20 per share., after the Infiniband developer lowered its fourth quarter guidance last week. However, the bank has kept its “Buy” recommendation for the share and even after the lowering of the target price the bank still sees a 41% upside in the share price.

Mizrahi Tefahot analyst Orit Levin believes that, “the fall in the market was overdone, and stemmed from the fact that the market believed that the big deals from the start of the year would continue through to the next quarter. The company has no high visions beyond the next quarter so it does not have the ability to lower expectations.”…Read More>>

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