Story updated at 9:35 a.m. to reflect market activity.
Shares of Freescale gained 0.4% to $22.98 in morning trading.
The analyst firm also raised its estimates for the company through 2015. Rising capacity utilization should help Freescale's margins according to Drexel Hamilton.Must read: Warren Buffett's 10 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. FSL data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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