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