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Fly News Breaks for May 8, 2018
XCRA, COHU
May 8, 2018 | 07:52 EDT
Stifel analyst Patrick Ho said he thinks the merger deal announced whereby Cohu (COHU) will acquire Xcerra (XCRA) is positive for both companies and "long overdue." He sees significant accretion potential and thinks the combination will make the company much more competitive across all of its segments. The analyst, who said his rating and target for Cohu is under evaluation, currently has a Hold rating and $23 price target on Cohu shares.
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