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AVX Corp's Target Price Boosted by Citigroup Inc. to $16 (AVX,C)

Written on Thu, 07/29/2010 - 10:10am
By Chip Brian

AVX Corp's (NYSE:AVX) target price was raised by Citigroup Inc. (NYSE:C) Thursday to $16, "based on higher EPS [estimates], which are in turn driven by increased margin/[revenue] assumptions based on better capacity utilization and a more resilient pricing environment," wrote Citigroup's Jim Suva.
Citigroup has given AVX a Hold rating.
SmarTrend currently has AVX in an Uptrend.
Since 2008, SmarTrend subscribers trading AVX using our alerts outperformed the stock by 41%.
We are monitoring these developments and will alert subscribers to any change in trend.
AVX is currently above its 50-day moving average (MA) of $13.41 and above its 200-day of $13.09.
In the last five trading sessions, the 50-day MA has fallen 0.87% while the 200-day MA has risen 0.43%.
Shares of the electronics components manufacturer are trading up 0.18% Thursday afternoon at $13.68.

Keywords: avx corp Citigroup target price eps finance financial research

Ticker(s): AVX C NEWS

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