Canaccord Genuity Maintains a 'Buy' on Actuant (ATU); Getting The Competitive Advantange

March 22, 2012 8:45 AM EDT
Get Alerts ATU Hot Sheet
Price: $26.75 -0.37%

Rating Summary:
    2 Buy, 12 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Canaccord Genuity maintains a 'Buy' on Actuant (NYSE: ATU) price target raised from $11 to $13.

Analyst, Bobby Burleson, said, "Atmel's license from Carclo's Conductive Inkjet Technology (CIT) division should give the company a competitive technological edge in developing touch solutions for devices with medium to large screens (superphones, tablets, and ultrabooks). By selling controllers into modules with higher production yields versus those using ITO (Indium Tin Oxide), Atmel may be able to slow ASP pressure and win disproportionate share in emerging high-volume touch categories including tablets and ultrabooks running Win8 (Nasdaq: MSFT)...While we believe Atmel and CIT are in the early stages of ramping production, volumes are likely to be meaningful in 2012 (tens of millions of units), increasing substantially in 2013."

For an analyst ratings summary and ratings history on Actuant click here. For more ratings news on Actuant click here.

Shares of Actuant closed at $29.43 yesterday.

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