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Fly News Breaks for May 7, 2019
TTMI
May 7, 2019 | 06:07 EDT
Needham analyst James Ricchiuti resumed TTM Technologies with a Hold rating, saying that while the company's acquisition of Anaren last year diversified its revenue into "growth potential" markets like Aerospace & Defense and 5G, its 2019 prospects remain constrained by the headwinds in cellular in automotive verticals. The analyst contends that the downside for TTM Technologies is likely to be "limited" however, with long term benefits derived from higher defense spending and 5G buildout.
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