2021-09-17 09:18:54 UCTT Ultra Clean
Applied Materials
09/17/21 09/1709:18 09/17/2109:18 | Ultra Clean offers attractive risk-reward profile, says DA DavidsonDA Davidson analyst Thomas Diffely keeps his Buy rating and $75 price target on Ultra Clean Holdings (UCTT) after hosting its management for investor meetings. The discussion highlighted the company's strong industry data points at a valuation that was well below peers, the analyst tells investors in a research note. Diffely adds that he sees three main revenue drivers expected to provide continued outperformance - the potential tripling of the semiconductor business from the recent Ham-Let acquisition, further penetration with one of its two primary OEM customers - Applied Materials (AMAT), and a ramp in activity with smaller customers. Ultra Clean
Applied Materials
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