UPDATE: JPMorgan Upgrades TTM Technologies (TTMI) to Overweight

December 13, 2019 4:38 AM EST
Get Alerts TTMI Hot Sheet
Price: $13.98 +0.94%

Rating Summary:
    8 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - December 13, 2019 4:47 AM EST)

(update comment)

JPMorgan analyst Paul Coster upgraded TTM Technologies (NASDAQ: TTMI) from Neutral to Overweight with a price target of $16.00 (from $13.00).

The analyst comments "Trading at 11.1 times 2020 P/E and 7.0 times EV/EBITDA the stock is trading at a premium to its three-year mean forward multiples, but inexpensive on a PEG basis, and in the context of a re-rating that could take place as the firm pays down debt. We expect TTMI to perform outperform the mean of our coverage in the next 6 – 12 months."

For an analyst ratings summary and ratings history on TTM Technologies click here. For more ratings news on TTM Technologies click here.

Shares of TTM Technologies closed at $13.79 yesterday.

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