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Komag (KOMG) shares got a lift yesterday from an upgrade by Deutsche Bank’s Sherri Scribner, who raised her rating on the stock to Buy from Hold:

“We view Komag’s desktop business as more stable now that it is qualifying on 95mm programs with Samsung,” Scribner wrote this morning. “In addition, we view Komag as very well positioned to expand into the 65mm/notebook market, which is growing faster than desktop. As Komag ramps new customers and products, and delivers on results, we expect the shares to move higher. Our $48 price target is based on 10x our FY07 EPS, and we believe Komag could earn $5.00 in FY08.”

Komag shares on Monday gained $1.78, to $38.21.

See also: Komag: Bear Stearns, Caris Upgrade; Gets Samsung Business; AmTech Goes On Limb, Falls Off

Source: Deutsch Bank Sees Komag Earnings Growing