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Fly News Breaks for August 8, 2018
IIVI
Aug 8, 2018 | 08:14 EDT
Morgan Stanley analyst Meta Marshall noted that nearly all of II-VI's end markets exhibited strength in Q2, adding that the weakness detected by others in the industrial sector or in China don't dent its outlook due to II-VI's diversification. While Marshall maintains a Equal Weight rating on II-VI shares, citing valuation, she would use any pullback as a buying opportunity. Marshall raised her price target on II-VI to $48 from $46.
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