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Fly News Breaks for May 9, 2018
COHU, XCRA
May 9, 2018 | 06:18 EDT
As reported earlier, DA Davidson analyst Thomas Diffely downgraded Xcerra (XCRA) to Neutral from Buy and lowered his price target to $14 from $15. The analyst believes that a bid competitive to that of Cohu (COHU) is unlikely, adding that the stock price is "likely capped" at the current offer. Diffely further notes that this is a "very attractive acquisition", as Xcerra's products are "highly complimentary" to Cohu's portfolio.
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