SGH price target raised to $30 from $20 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on SGH to $30 from $20 and keeps an Overweight rating on the shares after the company announced that it is divesting a majority stake from its Brazil Memory business. The move brings a “long awaited catalyst that should help the company re-rate and focus on domestic strengths,” the analyst tells investors in a research note.