Deutsche Bank Starts Amkor Technology (AMKR) at Hold; Waiting For a Catalyst

Deutsche Bank initiates coverage on Amkor Technology (NASDAQ: AMKR) with a Hold. PT $4.00.

Deutsche analyst says, "While we expect revenue growth in 2012, we believe increased margin pressure will stifle earnings growth. Although we expect the wireless communications business segment to deliver strong results, we also believe the company’s exposure to the overall consumer electronic business will remain a near term headwind for shares. Adding to expected earnings compression is the decline in capacity utilization due to the product transition from wirebond to flip chip and higher gold costs. In absence of near term catalysts, we see shares trading largely range bound."

For an analyst ratings summary and ratings history on Amkor Technology click here. For more ratings news on Amkor Technology click here.

Shares of Amkor Technology closed at $4.15 yesterday.

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