SGH price target raised to $27 from $24 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on SGH to $27 from $24 and keeps an Overweight rating on the shares. The analyst says the company’s IPS recovery progresses with some new customer wins, masking slower growth elsewhere. Gross margin is pressured near-term but is expected to improve going forward, the analyst tells investors in a research note.

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