RBC Capital Markets raises its Sanmina (NASDAQ:SANM) price target from $28 to $33 citing the better-than-expected Q1 results and outlook that showed "strength across all end markets."
Rating stays at Sector Perform, but the firm would consider leaving the sidelines if SANM can sustain growth and work margins over 4%.
Source: Bloomberg First Word.
Sanmina shares are up 20.7% premarket.
Previously: Sanmina beats by $0.12, beats on revenue (Jan. 28)
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