Market Overview

UPDATE: Stifel Nicolaus Raises PT to $65 on FEI Company on Long Term Growth

Share:
Related FEIC
D.A. Davidson Reiterates Buy, Lowers Price Target On FEI Company As Positive Long-Term View Is Intact
UPDATE: Bank Of America Reiterates On FEI Company On Solid Q2/Weak 2H14 Guidance
FEI Company: Strong Growth Prospects Remain (Seeking Alpha)

Stifel Nicolaus reiterated its Buy rating on FEI Company (NASDAQ: FEIC) and increased its price target from $60 to $65.

Stifel Nicolaus said, "With the recent appreciation in the stock price, we are raising our target price for FEI to $65, which is based on 17x our FY13 (Dec) pro-forma EPS of $3.30, excluding options plus the net cash position. Although we are not raising our estimates at this time, we maintain our view that the company can grow once again in 2013 despite a relatively flattish outlook in its electronics (semi cap) business. We believe many of the company's emerging initiatives (like oil and natural resources) will be the key growth initiatives in not only 2013 but beyond."

FEI Company closed at $57.59 on Friday.

Latest Ratings for FEIC

DateFirmActionFromTo
Apr 2015Bank of AmericaDowngradesBuyNeutral
Feb 2015Stifel NicolausMaintainsBuy
Jul 2014DA DavidsonUpgradesNeutralBuy

View More Analyst Ratings for FEIC
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (FEIC)

Around the Web, We're Loving...

Get Benzinga's Newsletters