Market Overview

UPDATE: Stifel Upgrades Brooks Automation As Life Sciences Are Key To Growth

Related BRKS
Mid-Afternoon Market Update: NASDAQ Up 50 Points; Ocwen Financial Shares Spike Higher
A Guide To Needham's 2017 Growth Conference
Brooks Automation to Present at the Stifel —…–7 Technology, Internet & Media Conference (GuruFocus)

In a report published Friday, Stifel analyst Patrick Ho upgraded the rating on Brooks Automation (NASDAQ: BRKS) from Hold to Buy, and named a $13.00 price target.

In the report, Stifel noted, “We are upgrading shares of Brooks Automation from a Hold to a Buy rating and establishing a $13 target price, which we believe reflects a sum-of-parts valuation analysis over the next few years. We are now comfortable with the company's growth prospects in its emerging life sciences business and as we have cited previously, we believe the growth in this area will be the key driver in the overall company's fortunes and the appreciation potential in the stock.”

Brooks Automation closed on Thursday at $9.92.

Latest Ratings for BRKS

Jan 2017Credit SuisseUpgradesUnderperformNeutral
Jan 2017Stifel NicolausDowngradesBuyHold
Oct 2016CitigroupUpgradesNeutralBuy

View More Analyst Ratings for BRKS
View the Latest Analyst Ratings

Posted-In: Patrick Ho StifelAnalyst Color Upgrades Analyst Ratings


Related Articles (BRKS)

View Comments and Join the Discussion!