Brokerage Firm Rating Update on TTM Technologies (TTMI)

TTM Technologies (TTMI) : 1 brokerage houses believe that TTM Technologies (TTMI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 2 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Stifel Nicolaus maintains its rating on TTM Technologies (NASDAQ:TTMI). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Stifel Nicolaus raises the price target from $9.5 per share to $11 per share. The rating by the firm was issued on July 28, 2016.

TTM Technologies (NASDAQ:TTMI): The stock opened at $10.9 and touched an intraday high of $11.09 on Wednesday. During the day, the stock corrected to an intraday low of $10.81, however, the bulls stepped in and pushed the price higher to close in the green at $10.89 with a gain of 0.09% for the day. The total traded volume for the day was 1,467,478. The stock had closed at $10.88 in the previous trading session.

TTM Technologies, Inc. is a provider of printed circuit board (PCB) products and backplane assemblies, which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the Peoples Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific, which consists of five PCB fabrication plants, and North America, which consists of seven domestic PCB fabrication plants, including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants, and one backplane assembly plant in Shanghai, China, which is managed in conjunction with its United States operations. It serves a range of customer base in various markets, including manufacturers of networking/communications infrastructure products, smartphones, and touchscreen tablets, as well as the aerospace and defense, high-end computing, and industrial/medical industries.

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