FormFactor: Rises as D.A.Davidson upgrades to 'buy'

FormFactor

04/06/2021 13:07

** Shares of chip-testing equipment maker  FORM.O  up 2.1%
at $34 in premarket trading
    ** D.A.Davidson upgrades stock to "buy" from "neutral,"
saying the risk-reward profile is decidedly attractive
    ** The brokerage sees upside for co from long-term drivers
including positive industry trends, strong leverage model, and
an increasingly attractive valuation due to the recent stock
weakness
    ** Current avg. rating of 7 analysts is "buy"; their median
PT is $51-Refinitiv Data
    ** Up to Thursday close, the stock had fallen ~23% this year

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 3677;))