Vishay Intertechnology (VSH) Misses Q2 EPS by 3c
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August 5, 2015 6:47 AM EDT
BofA/Merrill Lynch downgraded Vishay Intertechnology (NYSE: VSH) from Neutral to Underperform with a price target of $8.50.
For an analyst ratings summary and ratings history on Vishay Intertechnology click here. For more ratings news on Vishay Intertechnology click here.
Shares of Vishay Intertechnology closed at $10.79 yesterday.
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August 3, 2015 4:15 PM EDT
Vishay Intertechnology (NYSE: VSH) announced global cost reduction programs as part of its continuous efforts to improve efficiency and operating performance.
The programs include a plan to reduce selling, general, and administrative (SG&A) costs company-wide, and targeted streamlining and consolidation of production for certain product lines within its Capacitors and Resistors & Inductors segments. The programs in total are expected to lower costs by approximately $35 million annually (at current volumes) when fully implemented, at expected cash costs (primarily severance) of approximately $30 million. The implementation of these programs will not impact planned research and... More
