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II-VI, Inc. (IIVI) PT Raised to $116 at Cowen

August 29, 2022 8:13 AM EDT
Get Alerts IIVI Hot Sheet
Price: $41.95 --0%

Rating Summary:
    17 Buy, 6 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 5 | New: 0
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Cowen analyst Paul Silverstein raised the price target on II-VI, Inc. (NASDAQ: IIVI) to $116.00 (from $110.00) while maintaining a Outperform rating.

The analyst commented, "We exited the quarter with even greater confidence as to IIVI’s significant upside potential via long-term revenue growth and margin structure and thereby EPS and cash flow—significantly beyond what appears to be current investor expectations. Notwithstanding stock reaction post-results, in our view, FY4Q22 results and outlook mark strong start to post-COHR chapter with ongoing strong secular demand trends across IIVI’s end markets and strong company-specific execution. Supply chain constraints that are holding back NT revenue and margins will eventually abate. Remains Best Idea."



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