Loading...
Loading...
Jefferies & Co. is out with a research report on Kulicke & Soffa
KLIC and is upgrading it to Buy with a $12 price target, up from $6.
In a note to clients, Jefferies & Co. writes, "We believe the transition to copper bonding is a multi-year secular theme (2-3 years) within which KLIC has established a sizeable lead on rivals. OSAT customers are fast reaching c.30% of sales (
SPIL) in copper given their steep adoption ramp (helps their GM% vs. gold spot price) and we expect this to
continue to hold up the order book into 2H11 and much of 2012. We are raising KLIC to a Buy and our P/E-based PT to $12."
Shares of KLIC closed at $9.70 yesterday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorUpgradesPrice TargetAnalyst RatingsInformation TechnologyJefferies & Co.Semiconductor EquipmentSemiconductors
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