FormFactor price target raised to $35 from $32 at Northland

Northland analyst Gus Richard raised the firm’s price target on FormFactor to $35 from $32 and keeps a Market Perform rating on the shares after what it describes as “mixed results and a slight increase in guidance.” FormFactor is being impacted by weak PC and mobile volumes and a weak memory market, says the firm, which expects a stronger recovery in the second half.