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Fly News Breaks for June 5, 2018
IIVI
Jun 5, 2018 | 05:07 EDT
II-VI has positioned itself in several growth markets and current consensus estimates look beatable, Piper Jaffray analyst Troy Jensen tells investors in a research note. The company's most impressive near-term growth will come from VCSELs, with longer-term and more sustainable growth coming from silicon carbide and EUV lithography, Jensen contends. He says II-VI remains one of his firms' favorite stock ideas. The analyst reiterates an Overweight rating on the shares with a $50 price target.
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