UPDATE: Morgan Stanley Downgrades II-VI, Inc. (IIVI) to Equalweight

December 15, 2020 4:25 AM EST
Get Alerts IIVI Hot Sheet
Price: $69.81 +0.43%

Rating Summary:
    16 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
Trade Now! 
Join SI Premium – FREE
(Updated - December 15, 2020 4:59 AM EST)

(updating comment)

Morgan Stanley analyst Meta Marshall downgraded II-VI, Inc. (NASDAQ: IIVI) from Overweight to Equalweight with a price target of $76.00 (from $54.00).

The analyst comments "Our IIVI PT of $76 is ~19x CY22 EPS, a premium to optical averages and more in-line with historical averages given industrial laser exposure (e.g. lasers trade more around 20-24x). The biggest risk to our PT's is a pullback on Apple iPhone builds or China's 5G build."

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 $71.57 yesterday.

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change, Downgrades

Related Entities

Morgan Stanley