Wedbush Expects In-Line 2Q Earnings From SMOD

Wedbush Securities has published a research report on SMART Modular Technologies SMOD in anticipation of the company's 2Q earnings call. In the report, Wedbush writes "We think as a derivative play to the improving fundamentals in the DRAM market that our investment thesis on SMART Modular (SMOD) remains intact following Micron's (MU – OUTPERFORM) upbeat commentary on the improving environment for DRAM during its FQ2 earnings call yesterday. We reiterate our OUTPERFORM rating and $10.50 PT on SMART and see compelling opportunity ahead of the company's FQ2 (Feb) results set to be reported AMC today." Wedbush reiterates its Outperform rating and $10.50 price target. SMART Modular Technologies closed yesterday at $6.67.