FormFactor price target raised to $35 from $30 at Stifel

Stifel raised the firm’s price target on FormFactor to $35 from $30 and keeps a Hold rating on the shares. While Stifel is encouraged by the high rate of customer design engagement, the firm believes volumes against some of the new design releases are blunted, the analyst tells investors. Stifel believes FormFactor is positioning itself to benefit from growth in 3D packaging and test complexity next year.