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Fly News Breaks for January 16, 2020
COHU
Jan 16, 2020 | 07:18 EDT
Stifel analyst Brian Chin sees the underpinnings of a recovery in semi unit growth led by 5G/wireless and cloud/enterprise and notes Cohu has lagged semi test peers to date. Given his view that the auto/industrial markets will "cycle into health," Chin believes Cohu should be a bigger beneficiary on a broadening semi recovery and he raised his price target on Cohu shares to $30 while reiterating a Buy rating on the stock.
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