Needham & Company Maintains a 'Buy' on Brooks Automation (BRKS); Long-Term Growth Strategy Looks Promising

Needham & Company maintains a 'Buy' on Brooks Automation Inc. (NASDAQ: BRKS), PT $15.

Needham analyst says, "While investors are increasingly cautious on the semi equipment cycle, we believe the sector has not peaked and BRKS share price will recover in 2H11 as confidence returns. Additionally, we believe BRKS’s strategy of targeting adjacent markets for growth is largely overlooked and under appreciated. As BRKS improves its non-semi mix, we see upside to Street estimate, driving share price higher."

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 $10.77 yesterday.

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