Needham & Company maintains a 'Buy' on Sanmina-SCI Corp. (SANM); Raising PT on Optimistic Outlook

Needham & Company maintains a 'Buy' on Sanmina-SCI Corp. (NASDAQ: SANM) price target raised from $12 to $14.

Analyst, Sean K.F. Hannan, said, "Overall, we continue to be positive on shares of SANM as our observations suggest that business remains stable and conditions in 2HF12 (and more notably, 2HC12) should be more robust. We remain comfortable with our assumption that new ramps in Comm (LTE), Storage and others and perhaps some freed up spending (in Comm) will be the primary source of growth."

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 $11.60 yesterday.

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