Needham & Company Maintains a 'Buy' on Ultra Clean (UCTT); Adjusting Estimates in Conjunction With Our Updated Industry Outlook
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Price: $84.93 -8.59%
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on Ultra Clean (NASDAQ: UCTT), PT cut by $1 to $14.
Needham analyst said, "We lower our 2011 revenue/non-GAAP EPS estimates to $532MM/$1.17, and our 2012 estimates to $568MM/ $1.46. We are lowering our price target from $15 to $14, which is based on a P/E of 9.5X our 2012 EPS estimate."
For more ratings news on Ultra Clean click here and for the rating history of Ultra Clean click here.
Shares of Ultra Clean closed at $9.64 yesterday.
Needham analyst said, "We lower our 2011 revenue/non-GAAP EPS estimates to $532MM/$1.17, and our 2012 estimates to $568MM/ $1.46. We are lowering our price target from $15 to $14, which is based on a P/E of 9.5X our 2012 EPS estimate."
For more ratings news on Ultra Clean click here and for the rating history of Ultra Clean click here.
Shares of Ultra Clean closed at $9.64 yesterday.
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