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Fly News Breaks for February 2, 2018
IIVI
Feb 2, 2018 | 08:57 EDT
Loop Capital analyst James Kisner raised his price target on II-VI to $70 after "solid Q results" that showed organic revenue growth of 18% and "impressive" segment performance from Laser Solutions. Kisner also notes that the softer gross margins were attributed to the new product ramp. The analyst keeps his Buy rating on II-VI, citing expectations of effective capital deployment and numerous growth opportunities such as 3D sensing, silicon carbide, optical components for ROADMs and data centers.
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