RBC Capital analyst, Amit Daryanani, reiterated his Outperform rating on shraes of Ichor Holdings (NASDAQ: ICHR) and raised his price target to $27 after ICHR preannounced Jun-qtr revenue/
EPS of $159.7M/$0.60, slightly above consensus of $157M/$0.60 but more importantly, provided Sep-qtr guide of $160–170M/$0.59–0.65, handily above Street expectations.

The analyst stated "we think the upside in expectations mainly reflects impact of Cal-Weld acquisition and strong underlying trends with key customers. LRCX, in particular, reported strong results and noted a positive WFE spend environment through the remainder of CY17 and also in 2018 (we expect AMAT to concur with this it reports)".

from $26.00)

For an analyst ratings summary and ratings history on Ichor Holdings click here. For more ratings news on Ichor Holdings click here.

Shares of Ichor Holdings closed at $18.87 yesterday.