Deutsche Bank Starts II-VI, Inc. (IIVI) at Buy

August 28, 2018 5:25 AM EDT
Get Alerts IIVI Hot Sheet
Price: $62.66 -2.66%

Rating Summary:
    15 Buy, 7 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 2 | New: 5
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Deutsche Bank analyst Sidney Ho initiates coverage on II-VI, Inc. (NASDAQ: IIVI) with a Buy rating and a price target of $58.00.

The analyst likes the company's high growth capabilities and notes the valuation is currently at a discount to peers. Ho believes the key growth drivers in the areas of silicon carbide, VCSEL and EUV lithography tool will compliment steady growth in the laser and optics business which ought to enable the company's to sustain a growth rate in the mid-teen percent per year.

For an analyst ratings summary and ratings history on II-VI, Inc. click here. For more ratings news on II-VI, Inc. click here.

Shares of II-VI, Inc. closed at $48.60 yesterday.



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