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Fly News Breaks for January 14, 2020
COHU
Jan 14, 2020 | 09:31 EDT
DA Davidson analyst Thomas Diffely raised his price target on Cohu to $30 and kept his Buy rating, saying the company is a "2019 winner" in the category of names that "made the greatest improvement to its long term operating model" during a downturn. The analyst notes that the company has accelerated cost cutting amid soft industry conditions and now has over $3 per share in earnings power during an upturn as the industry tracks toward its prior peak levels.
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