UPDATE: Wolfe Research Starts Rogers Corp (ROG) at Outperform

(Updated - June 10, 2021 7:36 AM EDT)

Wolfe Research analyst Josh Silverstein initiates coverage on Rogers Corp (NYSE: ROG) with a Outperform rating and a price target of $232.00.

The analyst comments "ROG is a specialty material and technology innovation company focused across a variety of niche end markets, but one that’s significantly levered to the big secular tailwinds of EVs and the rising demand of power electronics. In our view, ROG’s highperformance materials designed to support heat, frequency, and vibration applications provide critical and essential solutions of the forward economy and in turn, visible high-single digit long-term cash flow growth and margin expansion for shareholders. Add to this a debt-free balance sheet and attractive valuation, there’s a strong combination for long-term Outperformance."

For an analyst ratings summary and ratings history on Rogers Corp click here. For more ratings news on Rogers Corp click here.

Shares of Rogers Corp closed at $193.48 yesterday.

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