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Fly News Breaks for February 2, 2018
Feb 2, 2018 | 09:13 EDT
Craig-Hallum analyst Richard Shannon lowered his price target on II-VI to $53 and kept his Buy rating, saying the company's "excellent" Q2 was offset by weaker than expected Q3 guidance driven by less visibility from China Communications segment. Shannon contends that the company still has a "strong position" in ROADMs, pump lasers, and Datacom, forecasting growth to resume in the near future.
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