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Fly News Breaks for February 1, 2019
IIVI
Feb 1, 2019 | 05:21 EDT
Piper Jaffray analyst Troy Jensen lowered his price target for II-VI Incorporated to $50 following the company's December quarter results. The analyst says that while 3D sensing has been slow to take off for II-VI, he's upbeat on the opportunity in 2019 and beyond. Further, the core fundamentals of II-VI remain "very strong" heading into 2019, Jensen tells investors in a post-earnings research note. He reiterates an Overweight rating on the shares.
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