Credit Suisse Assumes Brooks Automation Inc. (BRKS) at Underperform

Credit Suisse assumes coverage on Brooks Automation Inc. (NASDAQ: BRKS) with a Underperform rating and a price target of $10.00.

Analyst F. Ahmad said while they continue to see diversification potential into Life Sciences as a long-term positive, they maintain an Underperform rating due to (1) ongoing losses in Life Sciences and (2) consolidation in the Semi customer base possibly pressuring margins. They believe there is 20% downside risk to consensus CY15 EPS.

For an analyst ratings summary and ratings history on Brooks Automation Inc. click here. For more ratings news on Brooks Automation Inc. click here.

Shares of Brooks Automation Inc. closed at $12.60 yesterday.

You May Also Be Interested In

• Deutsche Bank Starts Ardagh Metal Packaging S.A. (AMBP) at Hold
• BofA Securities Starts ProQR Therapeutics N.V. (PRQR) at Buy
• Oppenheimer Reiterates Outperform Rating on NVIDIA (NVDA) Into EPS