Brigantine Advisors Downgrades Brooks Automation Inc. (BRKS) to Hold; Valuation Call
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Price: $113.10 --0%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Brigantine Advisors downgraded Brooks Automation Inc. (NASDAQ: BRKS) from Buy to Hold.
Brigantine analyst says, "2011’s semiconductor capital intensity has surprised to the upside as spending patterns continue to grow. We maintain our belief that Brooks Automation is well positioned to benefit from this capex cycle as a leading OEM supplier in its core and adjacent markets. With plans, though, to sell its contract manufacturing business, the Company’s financial and valuation profile will be impacted by ~$180M in revenues. Additionally, Brooks’ entry into the life science market may give the Street some pause, based on its historical mixed scorecard of execution and M&A success. From a share perspective, we believe that investors should take this opportunity to take some profit off the table and for new investors to wait for a more favorable entry point."
For more ratings news on Brooks Automation Inc. click here and for the rating history of Brooks Automation Inc. click here.
Shares of Brooks Automation Inc. closed at $12.93 yesterday.
Brigantine analyst says, "2011’s semiconductor capital intensity has surprised to the upside as spending patterns continue to grow. We maintain our belief that Brooks Automation is well positioned to benefit from this capex cycle as a leading OEM supplier in its core and adjacent markets. With plans, though, to sell its contract manufacturing business, the Company’s financial and valuation profile will be impacted by ~$180M in revenues. Additionally, Brooks’ entry into the life science market may give the Street some pause, based on its historical mixed scorecard of execution and M&A success. From a share perspective, we believe that investors should take this opportunity to take some profit off the table and for new investors to wait for a more favorable entry point."
For more ratings news on Brooks Automation Inc. click here and for the rating history of Brooks Automation Inc. click here.
Shares of Brooks Automation Inc. closed at $12.93 yesterday.
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