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Fly News Breaks for December 29, 2015
MTSI
Dec 29, 2015 | 08:07 EDT
Stephens analyst Harsh Kumar said he was "very impressed" by his meeting with M/A-COM CEO John Croteau, adding that he believes several of the company's opportunities have the potential to "substantially" increase its revenues. Kumar keeps his Overweight rating on M/A-COM and raised his price target on the stock to $50 from $40.
News For MTSI From the Last 2 Days
MTSI
Apr 15, 2024 | 16:10 EDT
Evercore ISI initiated coverage of Macom with an Outperform rating and $120 price target. The company is a key supplier of specialty analog/RF chips that stands to benefit from industry consolidation and ongoing turnaround and margin expansion, the analyst tells investors in a research note, also citing Macom management team that has an "excellent history of execution". Macom is also well positioned for potential additional tailwinds related to Aerospace and Defense given military conflicts of late, the firm added.
