UPDATE: JPMorgan Upgrades MACOM Technology Solutions (MTSI) to Neutral

March 26, 2021 4:06 AM EDT
Get Alerts MTSI Hot Sheet
Price: $62.31 +1.04%

Rating Summary:
    9 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 46
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(Updated - March 26, 2021 5:11 AM EDT)

JPMorgan analyst Harlan Sur upgraded MACOM Technology Solutions (NASDAQ: MTSI) from Underweight to Neutral with a price target of $62.00 (from $52.00).

The analyst comments "We are upgrading MTSI from Underweight to Neutral given the YTD underperformance in the stock versus the group and current price that is within 5% of our street low price target amidst a fundamental outlook in 2H21 and into 2022 that is strong. Fundamental outlook in 2H21 and into 2022 is strong in its core telco, cloud, and aerospace and defense markets and a few key product cycle drivers that could drive further
upside to our revenue/EPS estimates."

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

Shares of MACOM Technology Solutions closed at $53.91 yesterday.

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