UPDATE: Deutsche Bank Raises PT on Sanmina Corp. on Good F2Q13 Results

In a report published Tuesday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Sanmina Corp.

, and slightly raised the price target from $10.00 to $11.00. In the report, Poole noted, “Better-than-expected sales in SANM's Communications segment helped the company post F2Q-13 results that were slightly above Consensus, while F3Q-13 guidance was in line. SANM continues to see a soft demand environment, but mgmt was positive on the outlook for C2H-13. The company benefitted from lower costs due to deleveraging and restructuring actions. We have raised our FY-13E and FY-14E to reflect new program ramps and cost savings and increased PT. We view risk/reward as fairly valued at current levels.” Sanmina Corp. closed on Monday at $10.83.