UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Materion Corporation

In a report published Monday, Jefferies & Company reiterated its Buy rating on Materion Corporation

, and raised its price target from $32.00 to $35.00. Jefferies noted, “Following our meetings with mgmt last week, we've increased our target price to $35 (+3) and reiterate our BUY rating. Earnings appear to be at an inflection point with losses associated with its beryllium plant start-up and restructuring costs largely behind it and activity picking up in its key consumer electronics end market, among others, in 2013.” Materion Corporation closed on Friday at $27.26.