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SANM

Sanmina

$27.40

0.25 (0.92%)

07:55
04/13/18
04/13
07:55
04/13/18
07:55

Citi upgrades Sanmina to Buy on conservative sales estimates

Citi analyst Jim Suva upgraded Sanmina to Buy from Neutral with a price target of $32. The analyst believes consensus sales estimates are too conservative and that fundamental softness in recent quarters is already priced in. Suva also upgraded the Electronics Manufacturing Services sector citing strong demand.

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SANM Sanmina
$27.40

0.25 (0.92%)

01/22/18
CHLM
01/22/18
NO CHANGE
Target $37
CHLM
Buy
Sanmina target lowered to $37 on 'disappointing' results at Craig-Hallum
Craig-Hallum analyst Christian Schwab lowered his price target for Sanmina shares to $37 citing this morning's lower than expected Q1 results and Q2 guidance. The analyst views the results as "disappointing," but keeps a Buy rating on the shares with the stock down 25% in morning trading. Schwab expects to see a "material recovery" in gross margins at "some point" as Sanmina works through engineering changes to new programs that are impacting yields.
01/23/18
CHLM
01/23/18
NO CHANGE
Target $37
CHLM
Buy
Sanmina price target lowered to $37 from $44 at Craig-Hallum
Craig-Hallum analyst Christian Schwab lowered his price target for Sanmina to $37 from $44 following "disappointing" results and guidance. The analyst reiterates a Buy rating on the shares.
01/23/18
NEED
01/23/18
NO CHANGE
Target $33
NEED
Buy
Sanmina price target lowered to $33 from $45 at Needham
Needham analyst Sean Hannan lowered his price target on Sanmina to $33, saying the company's "ugly" Q1 preliminary result is the continuation of prior challenges. Hannan also cites a "slowness in new ramps, some cancellations, and tighter materials supply". The analyst notes that he still expects the aggregate ramp schedule to remain strong in the second half of 2018 and calls most issues "transitory", keeping his Buy rating on Sanmina.
04/13/18
SBSH
04/13/18
UPGRADE
SBSH
Buy
Sanmina upgraded to Buy from Neutral at Citi

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