Sanmina Corporation (SANM) Receives Price Target

Sanmina Corporation (SANM) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $31 and the lowest price target forecast is $25. The average forecast of all the analysts is $28.33 and the expected standard deviation is $3.06.

Sanmina Corporation (SANM) has an average broker rating of 2.33, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Craig-Hallum downgrades its view on Sanmina Corporation (NASDAQ:SANM) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on July 26, 2016.

Sanmina Corporation (NASDAQ:SANM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.42 and $26.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.72, notching a gain of 1.67% for the day. The total traded volume was 525,873 . The stock had closed at $26.28 on the previous day.

Sanmina Corporation is a provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. The Company provides these offerings primarily to original equipment manufacturers (OEMs), in the communications networks, computing and storage, multimedia, industrial and semiconductor capital equipment, defense and aerospace, medical, clean technology (CleanTech) and automotive industries. Its operations are managed as two businesses such as Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). The Companys services include product design and engineering, including initial development, detailed design, prototyping, validation, preproduction services and manufacturing design release; manufacturing of components, subassemblies and complete systems; final system assembly and test, direct order fulfillment and logistics services, and after-market product service and support, and global supply chain management.

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