In a report published Tuesday, Goldman Sachs analyst Mark Delaney downgraded the rating on M/A-COM Technology Solutions Holdings MTSI from Buy to Neutral, but reiterated the $17.00 price target.
In the report, Goldman Sachs noted, “We downgrade M/A-COM (MTSI) to Neutral from Buy due entirely to valuation, as the stock is trading above our 12-month, $17 price target (which is unchanged and based on 15X normalized EPS of $1.15), and our estimates are in line to modestly above the Street. Since adding MTSI to the Buy List on 9/6/12, the shares are up 53% vs. the S&P 500 up 17%.”
M/A-COM Technology Solutions Holdings closed on Monday at $17.75.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
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!
Already a member?Sign in