KEMET A Buy According to Deutsche Bank

Deutsche Bank has published a research report on KEMET Corporation

and has initiated coverage on the company with a Buy rating. In the report, Deutsche Bank writes "Over the past two years, KEMET has successfully restructured its Tantalum and Ceramic segments. However, while these segments are performing at record levels, the F&E business continues to be a drag on results. KEM is currently in the process of restructuring F&E and expects to realize annual cost savings of $48M by the end of FY-12, compared to FY-10. A new grant from the U.S. Department of Energy for alternative energy products and growth in hybrid electric vehicles, windmills, and solar power should also drive improved demand for this segment." KEMET Corporation closed Friday at $12.96.