Market Overview

UPDATE: Stifel Initiates Coverage on Montage Technology Group on Earnings Estimate, DCF Analysis

In a report published Monday, Stifel analyst Tore Svanberg initiated coverage on Montage Technology Group Ltd. (NASDAQ: MONT) with a Buy rating and $18.00 price target.

In the report, Stifel noted, “We are initiating coverage of Montage Technology Group Limited (MONT) with a Buy rating on the shares and a 12-month target price of $18. Our target price is based on 13.5x our CY14E earnings estimate and a range of $15-$20 per share from our discounted cash flow (DCF) analysis.”

Montage Technology Group Ltd. closed on Friday at $14.61.

Latest Ratings for MONT

DateFirmActionFromTo
Aug 2014Deutsche BankDowngradesBuyHold
Jun 2014Chardan CapitalDowngradesBuyNeutral
Jun 2014Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for MONT
View the Latest Analyst Ratings

Posted-In: Stifel Tore SvanbergAnalyst Color Initiation Analyst Ratings

 

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