TTM Technologies resumed with a Buy at Stifel

Stifel analyst Ruben Roy resumed coverage of TTM Technologies (TTMI) with a Buy rating and $33 price target The firm views TTM “positively,” citing the company’s revenue diversification momentum as well as management efforts to emphasize strategic customers and segments while reducing dependence on cyclical markets, the analyst tells investors. As complexities of every area of data center designs continue to escalate, the firm believes TTM will likely remain well positioned, the analyst added.