Information Provided By:
Fly News Breaks for February 20, 2020
Feb 20, 2020 | 09:08 EDT
Craig-Hallum analyst Christian Schwab raised his price target for Ultra Clean (UCTT) to $35 from $30 after the company reported better than expected results and guidance echoing the recent positive outlook from its two leading customers Lam Research (LRCX) and Applied Materials (AMAT). The analyst continues to expect the memory spending recovery to be a more significant 2021 event. He reiterates a Buy rating on Ultra Clean's shares.