Question-and-Answer SessionOperator Thank you. We will now beginning the question and answer session. (Operator’s instructions) Our first question comes from the line of Amit Daryanani, go ahead. Amit Daryanani – RBC Capital Markets Thanks all, good afternoon guys. I just had a quick question, I...
TTM Technologies Inc (NASDAQ: TTMI) has agreed to buy Hong Kong's Meadville Holdings Limited's printed circuit board (PCB) business for about $521 million in a cash and stoc
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Among the shares expected to see active trade in Monday's session are Bristol-Myers Squibb, Cellcom, Citi, FedEx, Iberiabank, Landry’s, Mead Johnson, Nabi Biopharmaceuticals, and TTM Technologies.
My latest column is up at RealMoney.TTM Technologies (TTMI) manufactures printed circuit boards for the high-end commercial and aerospace/defense markets. The company focuses on a “quick-turn” model that can provide custom-fabricated PCBs to customers within as little as 24 hours. This strategy allows TTM to charge a premium for quick-turn services (which account for 15% of total revenue) and insulates TTM from the extreme cyclicality faced by most electronics manufacturing services (EMS) providers. In the last 10 years, the company reported just one year of net losses (2002).TTM’s largest original equipment manufacturer customers in 2007 were Cisco (CSCO) , Honeywell (HON) , Juniper Networks (JNPR) , Nort
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My latest column is up at RealMoney.
TTM Technologies (TTMI) manufactures printed circuit boards for the high-end commercial and aerospace/defense markets. The company focuses on a “quick-turn” model that can provide custom-fabricated PCBs to customers within as little as 24 hours. This strategy allows TTM to charge a premium for quick-turn services (which account for 15% [...]
My latest column is up at RealMoney.
TTM Technologies (TTMI) manufactures printed circuit boards for the high-end commercial and aerospace/defense markets. The company focuses on a “quick-turn” model that can provide custom-fabricated PCBs to customers within as little as 24 hours. This strategy allows TTM to charge a premium for quick-turn services (which account for 15% [...]
MOST NOTEWORTHY: Marvel Entertainment (MVL), AutoZone (AZO), Home Depot (HD), Molson Coors (TAP) and Semtech (SMTC) were some of today's noteworthy upgrades:
Matrix upgraded Marvel Entertainment (NYSE: MVL) to Buy from Hold as they don't think the company's improving performance is reflected in its falling stock price. They think Marvel represents a good entry point at current levels.
Kevin Dann upgraded shares of AutoZone (NYSE: AZO) to Buy from Hold on valuation and highlighted their belief that AutoZone may not be seeing as much sales weakness as investors expect. They recommend taking advantage of the recent share weakness and raised their target to $135 from $125.
Gabelli recommends Home Depot (NYSE: HD) as a long-term buy with a $43 target, upgraded shares from Hold, with the Supply division uncertainty now eliminated. They view the sale positively, even at the lower price.
JP Morgan upgraded Molson Coors (NYSE: TAP) to Overweight from Neutral, and believes Molson will monetize its solid balance sheet and free-cash flow yield to benefit the shareholders. They also consider valuation to be attractive.
Semtech (NASDAQ: SMTC) was upgraded to Outperform from Market Perform at William Blair following the strong Q2 report and outlook...
OTHER UPGRADES:
Big Lots (NYSE: BIG) was upgraded to Market Outperform from Market Perform at Avondale.
Longbow raised TTM Technologies (NASDAQ: TTMI) to Buy from Neutral.
Breen Murray raised to Intevac (NASDAQ: IVAC) to Hold from Sell.
Stifel upgraded Arch Capital (NASDAQ: ACGL) to Buy from Hold.
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