KEMET Announces Agreement to Acquire NEC TOKIN

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Kemet (KEM) PT Raised to $10 at Stifel

February 24, 2017 9:41 AM EST

Stifel raised its price target on Kemet (NYSE: KEM) to $10.00 (from $6.50) while maintaining a Hold rating.

Analyst Matthew Sheerin commented, "As we contemplated potentially favorable terms of Kemet's acquisition of NEC Tokin, following indications earlier this month that it hoped to close the deal by the June quarter under a different structure than originally designed, we... More