Montage Technology initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Allen Chang initiated coverage of Montage Technology (MNTCF) H shares with a Buy rating and HK$268 price target while reinstating coverage of Montage A shares at Buy. The firm expects growth for the “global leader of memory interconnect chips” to be fueled by the increasing need for advanced memory interconnect technology for cloud computing and AI infrastructure, the analyst tells investors.