Amtek

Amtek: CS maintains O/P with $1.75 TP. Note that stock edging up reaffirm positive view on Amtek’s growth outlook. Note that sales forecasts for Dell and Juniper have increased, which should support revenue growth. Expect 3Q11 revenue to decline QoQ on seasonality. See a strong ramp up in 4Q11, and hence a stronger 2H11. Add that grp trades at 7x P/E and 13% free cash flow yield, and remains a compelling play on the manufacturing outsourcing theme