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
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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."

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Cowen & Co