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Home > News > FEI "buy," target price reduced

February 5th, 2008

FEI "buy," target price reduced

Abstract:
Analyst Mark S Miller of Brean Murray maintains his "buy" rating on FEI Company (FEIC), while reducing his estimates for the company. The target price has been reduced from $38 to $31.

In a research note published this morning, the analyst mentions that the company has posted robust December quarter results, with record sales. The analyst adds, however, that FEI's margins in the quarter declined by 130bps sequentially on account of the weak dollar, the company's product mix and lower-than-expected service margins, the analyst says.

Source:
newratings.com

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