TD Cowen lowered the firm’s price target on Ultra Clean (UCTT) to $48 from $57 and keeps a Buy rating on the shares. The firm said they posted a slight December quarter beat as some AI driven strength for products used in CMP systems was offset by digestion at domestic Chinese customers.
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 UCTT:
- Ultra Clean price target lowered to $60 from $70 at Oppenheimer
- Buy Rating Maintained for Ultra Clean Holdings Despite China Setbacks and Adjusted Price Target
- Resilient Growth Amid Challenges: Ultra Clean Holdings’ Strategic Positioning Earns Buy Rating
- Ultra Clean Holdings Reports Strong 2024 Financial Results
- Closing Bell Movers: Hims & Hers down nearly 20% on earnings miss