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Fly News Breaks for March 15, 2018
IIVI
Mar 15, 2018 | 08:52 EDT
DA Davidson analyst Thomas Diffely initiated II-VI with a Buy rating and a price target of $55. The analyst says the company has "many irons in red hot fires" as a "broad based supplier" of advanced materials, lasers, and optics serving the industrial, communications, and military end markets. Diffely believes the company has a sustainable competitive advantage due to its advanced vertical integration across a number of "challenging" technologies, anticipating a "meaningful earnings growth" and stock price appreciation in years to come.
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