Needham & Company Likes Valuation and Management of TTMI (TTMI); Chopping Estimates on Mixed Qtr
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Price: $8.34 +1.09%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade TTMI Now!
Needham & Company maintains a 'Buy' on TTMI (NASDAQ: TTMI) price target of $12.00 (from $15.00).
Analyst, Richard Kugele, said, "In our view, TTMI has done what it can to be prepared for business once it returns in some of its key segments, but it cannot create demand, nor can it capitalize on it without investing today. Our revised estimates now assume the current anemic demand situation continues into 2013, and yet the stock remains compelling at current levels, in our view (plus we believe it has one of the best management teams in our coverage)."
FY12 EPS estimate chopped from $1.30 to $0.78 and FY13 from $1.68 to $1.01.
For an analyst ratings summary and ratings history on TTMI click here. For more ratings news on TTMI click here.
Shares of TTMI closed at $10.94 yesterday, with a 52 week range of $8.55-$14.25.
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Analyst, Richard Kugele, said, "In our view, TTMI has done what it can to be prepared for business once it returns in some of its key segments, but it cannot create demand, nor can it capitalize on it without investing today. Our revised estimates now assume the current anemic demand situation continues into 2013, and yet the stock remains compelling at current levels, in our view (plus we believe it has one of the best management teams in our coverage)."
FY12 EPS estimate chopped from $1.30 to $0.78 and FY13 from $1.68 to $1.01.
For an analyst ratings summary and ratings history on TTMI click here. For more ratings news on TTMI click here.
Shares of TTMI closed at $10.94 yesterday, with a 52 week range of $8.55-$14.25.
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