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Fly News Breaks for March 9, 2018
IIVI
Mar 9, 2018 | 07:35 EDT
Morgan Stanley analyst Meta Marshall started II-VI initiated with an Overweight rating and $46 price target, contending that its diversified customers and differentiated processes give it more stable earnings growth than many other optical peers. The company is targeting earnings growth 1.5x-2x as fast as revenue growth, with leverage toward that goal coming from volume and yield improvement on investments made in the attractive markets of 3D sensing and silicon carbide, added Marshall.
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