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Fly News Breaks for April 5, 2018
IIVI
Apr 5, 2018 | 09:02 EDT
Needham analyst James Ricchiuti says his conversation with the CFO of II-VI in yesterday's investor meeting indicated the company is seeing "solid conditions across its major end markets", particularly in the industrials. The analyst further states that the ramp in the VCSEL business remains on track amid rising capacity and higher yields. Ricchiuti keeps his Buy rating and $56 price target on II-VI.
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