FormFactor price target raised to $42 from $36 at Stifel

Stifel raised the firm’s price target on FormFactor to $42 from $36 and keeps a Hold rating on the shares ahead of the company’s Q1 earnings due after the close on Wednesday. The firm believes the conditions that management previously discussed remains true and expects upside to the firm’s and consensus estimates, toward the upper-end of the guidance range, the analyst tells investors in a preview note.