RBC Capital initiated coverage of Arxis (ARXS) with a Sector Perform rating and $39 price target The firm views Arxis as a “high-quality” component supplier with a track record of organic growth and margin expansion. The shares trade in-line with peers, with better organic growth or material acquisitions needed to drive a re-rating, the analyst tells investors in a research note.
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Read More on ARXS:
- Arxis initiated with an Outperform at William Blair
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- Arxis initiated with a Buy at Rothschild & Co Redburn
- Arxis initiated with an Overweight at Morgan Stanley
- Arxis initiated with an Outperform at Baird