Microsemi (MSCC) PT Raised to $60 at Mizuho Following Strong Qtr and Guidance

November 11, 2016 8:41 AM EST
Get Alerts MSCC Hot Sheet
Price: $53.40 --0%

Rating Summary:
    12 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 20 | New: 21
Trade MSCC Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and bumped his price target on Microsemi Corporation (NASDAQ: MSCC) to $60.00 (from $45.00) following strong results and guidance. The analyst believes MSCC should benefit from a Trump Presidency and may be an attractive M&A target.

Rakesh commented, "MSCC reported SepQ rev/EPS of $450M/$0.91, inline with consensus of $448M/$0.90. GM was 62.6% versus consensus of 62.3% with strength in the seasonally strong Communications segment and SaaS products in the data center. MSCC guided the DecQ to $435M/$0.86 versus consensus of $434M/$0.85. We are adjusting our estimates, reiterating our Buy, and raising our PT to $60 from $46. We believe MSCC should benefit from a Trump Presidency and may be an attractive M&A target."

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

Shares of Microsemi Corporation closed at $47.86 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Add Your Comment