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Fly News Breaks for September 18, 2017
COHU
Sep 18, 2017 | 08:19 EDT
As noted earlier, Needham upgraded Cohu to Buy from Hold, Analyst Y. Edwin Mok says that the company has more exposure to the growing auto infotainment and cluster, or IC, business than any other name he covers. He is confident that the company's revenue will grow at a "solid" rate "in 2018 and beyond," driven by share gains and new products." Mok estimates that its EPS can reach roughly $2.50 over the longer term. Target $24.
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