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Fly News Breaks for June 18, 2019
TTMI
Jun 18, 2019 | 06:32 EDT
JPMorgan analyst Paul Coster lowered his 2019 and 2020 estimates for TTM Technologies to reflect the company's direct exposure to Huawei, Apple and the global auto industry, as well as the indirect exposure to tariffs on Chinese-assembled goods for export to the United States. The analyst, however, expects a margin expansion turnaround in the second half of fiscal 2019 and rebound in fiscal 2020 to a more normalized level. He lowered his price target for TTM Technologies to $14 from $15 and maintains an Overweight rating on the name.
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