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Three Holdings Make News, One Gets an 'Honor'

We've got news to share on Pixelworks, Nokia and Rada Electronic.
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Global technology brand Honor unveiled a new lineup of its flagship smartphones, the Honor Magic4 Series in Shanghai. Two of the models, the high-end Honor Magic4 Pro and the Honor Magic4 Zhizhen, will incorporate the Pixelworks X5 Plus advanced visual processor, by the Stocks Under $10 portfolio holding Pixelworks (PXLW) .

The Magic4 lineup incorporates multiple cutting edge technologies that solve issues and deliver an improved experience for users. The Honor Magic4 Series comprises three models, Honor Magic4, Honor Magic4 Pro, and Honor Magic4 Zhizhen. The Honor Magic4 series aims to reshape the high-end smartphone market with powerful performance and excellent visual ability also adaptable to most displays. The highest end Zhizhen model is built on the Qualcomm (QCOM) Snapdragon 8 Gen 1 mobile platform, is powered by the self-innovated graphics-processing unit Turbo X technology and the Pixelworks' fifth generation visual processor. This unlocks the full potential of hardware performance while also balancing power consumption.

Rada Electronic's Analyst Downgrade Alliance Global Partners analyst Brian Kinstlinger (rated at one-star by TipRanks) downgraded his rating for Rada Electronics (RADA) from "Buy" to "Neutral," while leaving his $14 target price in place as the shares have traded above $14 this week. Kintslinger had cut that target price from $16 to $14 back in January. The portfolio rates RADA as a "Two" with a $15 price target.

Nokia News This morning, Jefferies three-star rated (by TipRanks) analyst Janardan Menon initiated coverage of NOK with a "Buy" rating and a $6 target price. Menon sees increased business for the firm as the U.S. ramps up C-band deployments and improved 5G rollouts across Europe. Menon thinks there could be a valuation rerate in store for this stock. Earlier this week, Raymond James five-star rated analyst Simon Leopold upgraded NOK from a "hold" to "outperform" with a $6.50 target price. The portfolio rates NOK a "Two" with an $8 target price.

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