Brooks Automation (BRKS) PT, Estimates Raised at Needham & Company Post Q4

Needham & Company analyst Y. Edwin Mok raised estimates and his price target on Buy-rated Brooks Automation Inc. (NASDAQ: BRKS) to $15.00 (from $13.00) following strong Q4 results.

Mok commented, "BRKS delivered a strong F4Q14 (Sep) as revenues from all segments grew sequentially. While F1Q15 (Dec) earnings guidance is a little light on increased investments in the Life Science business, we see room for further margin expansion as the company integrates pieces of the acquired business and streamlines operations. We believe the report confirmed the company's success in growing the business in higher-end, value-adding areas, resulting in more profitable growth. With improved end market demand in core SemiCap, growth initiatives yielding results, and momentum in Life Science, we reiterate our Buy and raise our PT to $15 (from $13) on a higher multiple."

The firm raised FY 2014 EPS from $0.06 to $0.07 and FY 2015 EPS from $0.10 to $0.11.

For an analyst ratings summary and ratings history on Brooks Automation Inc. click here. For more ratings news on Brooks Automation Inc. click here.

Shares of Brooks Automation Inc. closed at $12.12 yesterday.

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