Market Overview

TTM Technologies Is Fairly Valued, Deutsche Bank Says In Neutral Initiation

TTM Technologies Is Fairly Valued, Deutsche Bank Says In Neutral Initiation

TTM Technologies, Inc. (NASDAQ: TTMI), a supplier of printed circuit boards to original equipment manufacturers, is positioned to take advantage of growth in the market that makes the stock attractive, according to Deutsche Bank.

The Analyst

Deutsche Bank's Sherry Scribner initiated coverage of TTM Technologies' stock with a Hold and $19 price target.

The Thesis

The PCB market is projected to grow at a mid-single digit rate over the coming years due to an increasing pace in the digitization of analog processes along with new technology advances, Scribner said in the initiation note. Naturally, as a large and diversified vendor of PCBs, TTM Technologies would stand to benefit from the trends.

The company's exposure to more mature, slower-growth segments — such as networking, communications, servers, storage and peripherals — "will somewhat limit upside," the analyst said.

TTM Technologies is fairly valued at current levels, Scribner said. 

Price Action

Shares of TTM Technologies were trading lower by 2.69 percent at $18.78 at the time of publication Thursday afternoon. 

Related Links:

Benzinga's Top Upgrades, Downgrades For June 14, 2018

An Easy-To-Use Cheat Sheet For Apple Suppliers

Latest Ratings for TTMI

Jun 2018Initiates Coverage OnHold
May 2018MaintainsBuyBuy
Feb 2018MaintainsBuyBuy

View More Analyst Ratings for TTMI
View the Latest Analyst Ratings

Posted-In: Deutsche Bank Networking PCB Sherry ScribnerAnalyst Color Price Target Initiation Analyst Ratings Best of Benzinga


Related Articles (TTMI)

View Comments and Join the Discussion!

The Bullish Signals That Won Nike A Price Target Increase From Wedbush

Comey's Actions Broke From FBI Procedure, But No Political Bias, Inspector General Says