II-VI Incorporated Acquires Kaiam’s 6-inch Wafer Fabrication Facility in the U.K.

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II-VI, Inc. (IIVI) PT Raised to $45 at Needham & Company Following 4Q

August 7, 2017 4:32 PM EDT

Needham & Company raised its price target on II-VI, Inc. (NASDAQ: IIVI) to $45.00 (from $40.00) while maintaining a Buy rating. 4Q revenues increased 13% y/o/y to $273.7M, above guidance of $245M-$252M and consensus $250.4M. EPS of $0.50 was well above guidance of $0.33-$0.37 and consensus... More