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Fly News Breaks for December 13, 2019
TTMI
Dec 13, 2019 | 08:41 EDT
JPMorgan analyst Paul Coster upgraded TTM Technologies to Overweight from Neutral with a price target of $16, up from $13. The analyst sees positive revenue, margin and earnings momentum for the company heading into 2020. This is in part catalyzed by improving prospects for trade between the U.S. and China, where TTM has significant manufacturing operations and customer business, Coster tells investors in a research note. TTM is also benefiting from a more robust iPhone product cycle, says the analyst.
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