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UPDATE: Stifel Reiterates on Montage Technology Group Following Investor Meetings

Montage Receives Nasdaq Extended Stay
Montage Announces Final Audit Committee Report

In a report published Friday, Stifel analyst Tore Svanberg reiterated a Buy rating on Montage Technology Group Ltd. (NASDAQ: MONT), and raised the price target from $18.00 to $20.00.

In the report, Stifel noted, “We hosted investor meetings with CFO Mark Voll and remain positive on the near-term prospects in each of its end-markets, longer-term demand drivers for meaningful top-line growth and further operating leverage to the model. We believe the company remains well positioned to capitalize on its expanding technology portfolio to drive share gains and expand its dollar content across each of its end market applications. We also believe there remains room for expansion of its Operating margins as the company remains firm on its commitment to achieve its target operating model of 55%-60%/25%-30% (GM%/OPM%). Following are our key takeaways from meetings with investors.”

Montage Technology Group Ltd. closed on Thursday at $15.60.

Latest Ratings for MONT

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 Price Target Analyst Ratings


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