Stifel raised the firm’s price target on SGH to $27.50 from $26 and keeps a Buy rating on the shares. SGH reported modest Q2 EPS upside with Intelligent Platform Solutions revenue slightly better than the firm’s estimate and Memory and LED slightly below, the analyst tells investors in a research note. While the print and outlook might be viewed as somewhat underwhelming, Stifel thought the tenor on the IPS business sounds good, even if the framework for harvesting more sustained growth is still coming together.
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