Deutsche Bank Starts Microsemi Corporation (MSCC) at Buy
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Deutsche Bank initiated coverage on Microsemi Corporation (NASDAQ: MSCC) with a Buy rating and a price target of $60. Analyst Ross Seymore sees favorable risk-reward.
"A reasonably priced self-help story in a semi sector with elevated valuations and maturing fundamentals, MSCC stands well poised to capture post-M&A synergies, raise its GM/OM levels, and enhance its FCF profile as it competes for share gains across product lines and endmarkets. Looking into 2017, the co’s stable organic growth, steady margin expansion, and significant debt reduction should drive EPS upside and narrow MSCC's valuation gap vs peers. Overall, despite the rapid appreciation of the shares since mid-2016, we still see a favorable risk-reward over the next 12 months," said Seymore.
Shares of Microsemi Corporation closed at $47.84 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsemi (MSCC): Cutting Estimates Slightly But See Upside Under Trump - Mizuho
- Jefferies Cuts Price Target on Workday (WDAY) to $71 Following 3Q
- Oppenheimer Cuts Price Target on Workday (WDAY) Following 3Q; Reiterates Outperform
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, New Coverage
Related EntitiesDeutsche Bank
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!