Needham & Company Reiterates a 'Buy' on Sanmina-SCI (SANM); Hosts Upbeat Analyst Day

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November 18, 2011 9:07 AM EST
Get Alerts SANM Hot Sheet
Price: $210.84 +2.07%

Rating Summary:
    5 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Sanmina-SCI Corp. (NASDAQ: SANM) price target of $13.00.

Needham analyst says, "Over the past few years, SANM has taken many steps to rationalize its footprint, improve efficiencies, identify and drive better mix, and position its components group for profitable growth. We believe most heavy lifting from the planning and preparing stages are behind, and SANM is now in early stages of executing on its plan (which we view as achievable in the long-run)."

For an analyst ratings summary and ratings history on Sanmina-SCI Corp. click here. For more ratings news on Sanmina-SCI Corp. click here.

Shares of Sanmina-SCI Corp. closed at $8.62 yesterday.

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