Market Overview

UPDATE: Goldman Sachs Downgrades M/A-COM Technology Solutions on Valuation

Share:

In a report published Tuesday, Goldman Sachs analyst Mark Delaney downgraded the rating on M/A-COM Technology Solutions Holdings (NASDAQ: 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.

Latest Ratings for MTSI

DateFirmActionFromTo
Jan 2021B of A SecuritiesUpgradesUnderperformBuy
Nov 2020NeedhamMaintainsBuy
Oct 2020Cowen & Co.Initiates Coverage OnOutperform

View More Analyst Ratings for MTSI
View the Latest Analyst Ratings

 

Related Articles (MTSI)

View Comments and Join the Discussion!

Posted-In: Goldman Sachs Mark DelaneyAnalyst Color Downgrades Analyst Ratings

Latest Ratings

StockFirmActionPT
CPScotiaBankUpgrades480.0
CREERoth CapitalUpgrades150.0
BACredit SuisseMaintains193.0
NSCCredit SuisseMaintains271.0
AFGCredit SuisseMaintains110.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com