Needham & Company Reiterates a 'Strong Buy' on TTM Tech (TTMI); Analyst Day Highlights Co’s Strengths, Allays Market Concerns On Key Customers & Margins

Needham & Company reiterates a 'Strong Buy' on TTM Tech (NASDAQ: TTMI) price target of $19.00.

Needham analyst says, "We continue to be impressed by TTMI’s robust business model, record of strong execution and experienced management team. TTMI is one of the top 5 PCB manufacturers on the planet, giving it the scale and global positioning to invest in the right areas of growth. Bottomline, TTMI remains one of the most compelling opportunities within our coverage universe (shares trading at 1.5x tangible book and 6x THIS year’s earnings)."

For more ratings news on TTMI click here and for the rating history of TTMI click here.

Shares of TTMI closed at $9.83 yesterday.

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