SMART Global Holdings, Inc. Reports Third Quarter Fiscal 2017 Financial Results

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SMART Global Holdings (SGH) PT Raised to $23 at Jefferies Following 1Q

June 23, 2017 7:38 AM EDT

Jefferies raised its price target on SMART Global Holdings (NASDAQ: SGH) to $23.00 (from $21.00) while maintaining a Buy rating following the company's 1Q. SGH reported EPS of $0.62, better than the consensus estimate of $0.58, driven by 180bps better revenue, and 200bps better GM.

While Jefferies thinks... More