II-VI, Inc. (IIVI) Tops Q2 EPS by 7c; Issues Confident Q3 EPS Outlook

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Go back to II-VI, Inc. (IIVI) Tops Q2 EPS by 7c; Issues Confident Q3 EPS Outlook

II-VI (IIVI) Estimates, PT Raised at Needham & Company

January 28, 2015 7:22 AM EST

Needham & Company analyst James Ricchiuti raised estimates and his price target on Buy-rated II-VI, Inc. (NASDAQ: IIVI) to $18.00 (from $16.00) following Q2 results.

Ricchiuti commented, "IIVI shares rose 15% yesterday on signs that its earnings turnaround is gaining momentum. FQ2 EPS (excluding a one-time... More