Sanmina price target raised to $69 from $62 at Craig-Hallum

Craig-Hallum analyst Christian Schwab raised the firm’s price target on Sanmina (SANM) to $69 from $62 and keeps a Hold rating on the shares. The firm notes Sanmina reported a solid Q4 as the company continues to see customer inventory headwinds improve. The company saw broad-based improvement with the majority of its end markets up sequentially in the quarter, with particular strength in its Communications Networks & Cloud Infrastructure business which was up 16% sequentially, Craig-Hallum adds.