UBS on Electric Components & Equipment: Cutting Estimates on TEL, MOLX, TTMI, KEM, FLEX, ARW & AVT

June 27, 2012 12:20 PM EDT Send to a Friend
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Price: $60.92 -1.58%

Rating Summary:
    8 Buy, 1 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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UBS on Electric Components & Equipment: Cutting Estimates

Analyst, Amitabh Passi, cuts estimates on TE Connectivity (NYSE: TEL), Molex (Nasdaq: MOLX), TTM Technologies (Nasdaq: TTMI) and Kemet (NYSE: KEM) by 3.5%+ and cuts price targets on all four companies. However, Passi, sees TEL as the stock/company of choice, citing valuation and fundamentals.

For Flextronics (Nasdaq: FLEX), Passi cuts Sept and Dec Qtr estimates by 3-5%, but maintains a 'Buy' rating, citing upside to OM estimates.

For Arrow Electronics (NYSE: ARW) and Avnet (NYSE: AVT), Passi maintains a 'Buy' rating on Both, but lowers estimates between 2-4%

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