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Nam Tai Electronics, Inc. Message Board

  • crosscourtforehand crosscourtforehand Aug 24, 2011 4:36 PM Flag


    Citing concerns about softening tech hardware end demand, RBC Capital analyst Amit Daryanani this morning turned cautious on the IT supply chain, downgrading shares of the contract electronics manufacturers Benchmark Electronics and Sanmina, and reducing estimates and price targets for various other stocks. He now rates both Benchmark Sector Perform, down from Outperform; he cuts Sanmina to Underperform, from Sector Perform. He cut his price targets to $13 from $20 for Benchmark, and to $5, from $12, for Sanmina.

    “Given a slowing demand environment, as highlighted by disappointing results from Dell, NetApp and Hewlett-Packard, we are lowering estimates and price-targets across our Technology Supply Chain coverage to reflect a more challenging demand environment,” he writes.

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