Needham & Company Reiterates a 'Buy' on Sanmina-SCI (SANM); Strong F4Q, But Soft Outlook Due To Macro Uncertainty & Push-Outs

Needham & Company reiterates a 'Buy' on Sanmina-SCI Corp. (NASDAQ: SANM) price target lowered from $15 to $13.

Needham analyst says, "Like much of the rest of EMS, SANM is seeing challenging end markets affect its current business in the near-term. Beyond the next quarter, we believe SANM could have substantial ramps in waiting that could buoy the macro headwinds while also allowing better leverage from an improving model."

"Revising Estimates. F1Q12 becomes $1.55B in revs. and $0.30. vs, prior $1.68B and $0.41. F12 now forecasted ~flat at $6.60B (conservative vs. mgmt hopes) and $1.66, vs. prior $6.81B & $1.66."

For more ratings news on Sanmina-SCI Corp. click here and for the rating history of Sanmina-SCI Corp. click here.

Shares of Sanmina-SCI Corp. closed at $8.05 yesterday.

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