Deutsche Bank analyst Sidney Ho last night initiated coverage of II-VI with a Buy rating and $58 price target. II-VI is a leader in engineered materials and optoelectronic components, Ho tells investors in a research note. The analyst believes the company's key growth drivers in the areas of silicon carbide, VCSEL and EUV lithography tools will complement steady growth in the laser and optics business, allowing II-VI to sustain a growth rate in the mid-teen percentages per year. This "solid growth trajectory" is not reflected in the stock's current valuation, Ho contends.