Truist raised the firm’s price target on TTM Technologies (TTMI) to $48 from $41 and keeps a Buy rating on the shares. The firm is positive on the company’s fundamental outlook and stock appreciation potential owing to a combination of the Penang factory ramp, the Syracuse factory ramp, recent restructuring in North America, and good end-market exposure, the analyst tells investors in a research note. Newer investors are building positions, though these investors may be hyperfocused on the AI opportunities rather than the other positive developments, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TTMI:
- Jabil (JBL) Taps AI Infrastructure Boom to Boost Earnings Per Share
- Positive Outlook for TTM Technologies Driven by Strong AI Supply Chain Performance and Defense Business Growth
- TTM Technologies price target raised to $40 from $33 at Stifel
- TTM Technologies price target raised to $41 from $36 at Truist
- TTM Technologies Announces New Share Repurchase Program