WOLF - Why MACOM Technology Is A 'Buy': Analyst Upgrades MTSI With $92 Price Target Post-Wolfspeed Acquisition | Benzinga
Benchmark analyst David Williams upgraded MACOM Technology Solutions Holdings Inc. (NASDAQ: MTSI) to Buy from Hold, with a price target of $92.
The analyst is bullish on MTSI acquiring radio frequency business from Wolfspeed Inc (NYSE: WOLF) for $125 million.
The analyst expects the company to garner an annualized EPS accretion of about $0.58 post-full integration if gross ...