Sanmina Corporation (SANM)

Sanmina shares (SANM; $58.35; O/P) are -16% from 52-week highs and -10% since we launched coverage (“Still Attractively Priced EMS Play; Initiate with Outperform”; 3/5). We think this is likely on concerns that sales from…

We initiate coverage on Sanmina (SANM; $65.05) with an Outperform rating and $80 target. SANM is a mid-sized provider of electronics manufacturing services (EMS) focused on complex product builds for heavily regulated, long-cycle markets such…