UPDATE: Stifel Nicolaus Raises PT to $9 on BCD Semiconductor Manufacturing; Business Rebounding

Stifel Nicolaus increases its price target from $8 to $9 on Buy-rated BCD Semiconductor Manufacturing BCDS as business rebounds and revenue grows for Q2. Stifel Nicolaus says, "Business is in recovery in key segments—TV (robust in the China market) and notebook (ramping aggressively)—and pricing pressure easing. We believe growth reacceleration could be just ahead. First, company guided Q2 revenue to double-digit growth with expressed confidence. Second, BCDS noted that demand is strengthening, customer order lead times have extended, and its higher-value converter business performed well (up 10.3% q/q) due potentially to market share gains." BCDS closed at $6.10 on Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetReiterationIntraday UpdateAnalyst RatingsStifel Nicolaus
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!