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.
Deutsche Bank's Sherry Scribner initiated coverage of TTM Technologies' stock with a Hold and $19 price target.
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.
Shares of TTM Technologies were trading lower by 2.69 percent at $18.78 at the time of publication Thursday afternoon.
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Latest Ratings for TTMI
|Jun 2018||Deutsche Bank||Initiates Coverage On||Hold|
|May 2018||Stifel Nicolaus||Maintains||Buy||Buy|
|Feb 2018||Stifel Nicolaus||Maintains||Buy||Buy|
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