Cantor Fitzgerald Raises Price Target on Microsemi (MSCC), Sees Earnings Momentum Coming Back

Cantor Fitzgerald is reiterating its Buy rating on shares of Microsemi Corporation (NASDAQ: MSCC) and is lifting its price target from $25 to $28 as it blieves the company "will soon reclaim its premier 'earnings momentum' rank."

Driving the firm's belief is the combination of the completion of a debt-refinancing package and the fact that demand for scanners, UAVs, and GPS-enabled mortars continue to ramp.

For Q1, the firm forecasts EPS of $0.39 on $240.9 million in sales. Cantor Fitzgerald as forecasts EPS will total $1.85 for FY12 on $980 million in sales.

For an analyst ratings summary and ratings history on Microsemi Corporation click here. For more ratings news on Microsemi Corporation click here.

Shares of Microsemi Corporation closed at $21.54 yesterday.

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