TTM Technologies price target raised to $135 from $108 at Stifel

Stifel raised the firm’s price target on TTM Technologies (TTMI) to $135 from $108 and keeps a Buy rating on the shares. The firm believes the supply chain sector is “entering a period of simultaneous multi-company earnings inflection.” This will be driven by “structural tailwinds” of the AI infrastructure build-out, defense modernization, and an accelerating recovery in semiconductor capital equipment, the analyst tells investors in a research note.