TTM Technologies price target raised to $123 from $81 at B. Riley

B. Riley raised the firm’s price target on TTM Technologies (TTMI) to $123 from $81 and keeps a Buy rating on the shares. Following the new CEO’s guidance calling for 15%-20% annual revenue growth and a doubling of earnings by 2027, projections are being raised materially to align more closely with management’s outlook, implying revenue near $4B and EPS approaching $5.00 by FY27, the analyst tells investors in a research note.