UPDATE: Raymond James Downgrades II-VI, Inc. (IIVI) to Market Perform

January 10, 2020 4:35 AM EST
Get Alerts IIVI Hot Sheet
Price: $68.41 +1.41%

Rating Summary:
    17 Buy, 6 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 8 | New: 73
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(Updated - January 10, 2020 7:28 AM EST)

(update comment)

Raymond James analyst Simon Leopold downgraded II-VI, Inc. (NASDAQ: IIVI) from Outperform to Market Perform.

The analyst comments "Our downgrade is based on valuation and consideration for the risk of execution in 3D addressed last month when we revised our 3D market model. We are constructive on II-VI's long term prospects (3-5 years), but lack sufficient visibility to address that time frame, and limit our valuation horizon to FY21. We envision positive resolution to II-VI's disclosed Sherman facility production issue as a possible positive stock catalyst, but suspect this is priced in. We remain most cautious regarding II-VI Datacom business, which faces competitive challenges."

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 $37.02 yesterday.

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