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Fly News Breaks for May 16, 2019
MTSI
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.
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