Oppenheimer lowered the firm’s price target on Ultra Clean (UCTT) to $60 from $70 and keeps an Outperform rating on the shares. The firm notes the company reported mixed Q4 results and issued a soft Q1 2025 revenue guide due to China weakness and headwinds in Services from a struggling IDM customer.
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Read More on UCTT:
- Buy Rating Maintained for Ultra Clean Holdings Despite China Setbacks and Adjusted Price Target
- Resilient Growth Amid Challenges: Ultra Clean Holdings’ Strategic Positioning Earns Buy Rating
- Ultra Clean Holdings Reports Strong 2024 Financial Results
- Closing Bell Movers: Hims & Hers down nearly 20% on earnings miss
- Ultra Clean sees Q1 adjusted EPS 22c-42c, consensus 54c
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