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Fly News Breaks for March 13, 2019
COHU
Mar 13, 2019 | 07:44 EDT
DA Davidson analyst Thomas Diffely lowered his price target on Cohu to $25 after its lower than expected Q4 revenues and outlook for Q1 sales, saying the trends reflect a broad based industry softness in Mobility, Auto, and Industrial sectors. The analyst is keeping his Buy rating however, noting that the company's "relatively stable utilization rates and a few design wins" should drive a recovery in the second half of 2019. Diffely is maintaining his "bullish long term view" and contends that Cohu remains positioned to achieve $1B in revenue in the next few years.
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