UPDATE: Stifel Nicolaus Raises PT to $58 on FEI Company; On Track for Growth
Stifel Nicolaus reiterates its Buy rating on FEI Company (NASDAQ: FEIC) and raises its price target from $51 to $58.
Stifel Nicolaus notes, "We believe near term that the company will continue to benefit from strength in its electronics (primarily semi cap) business. As we have cited in our recent industry notes that the overall semi cap spending trends remain favorable and this aspect is also positively impacting FEI in the near term. Long term, we also believe the many manufacturing challenges emerging in the industry will also increase the spending capital intensity for FEI's solutions across a broader mix of customers."
FEIC closed at $50.79 on Tuesday.
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Tags: Stifel Nicolaus