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Fly News Breaks for January 10, 2020
IIVI
Jan 10, 2020 | 08:39 EDT
Raymond James analyst Simon Leopold downgraded II-VI to Market Perform from Outperform, citing valuation and the consideration for the risk of execution in 3D addressed last month. In a research note to investors, Leopold says he is constructive on II-VI's long term prospects, but lacks sufficient visibility to address that time frame, and limits his valuation horizon to FY21. The analyst says he remains most cautious regarding II-VI Datacom business, which faces competitive challenges.
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