UPDATE: Stifel Nicolaus Raises PT on FEI Company to $44 (FEIC)

Stifel Nicolaus is out with its report today on FEI Company FEIC, increasing its PT from $37 to $44. In a note to clients, Stifel Nicolaus writes, "We are raising our price target on FEI Company to $44 from $37, reflecting 2.7x book value. We believe that the company's near term and long term growth potential likely outpaces many of its pure play semi cap peers in 2011 and beyond." Stifel Nicolaus maintains Buy on FEIC. Shares of FEIC closed Wednesday at $38.10.