Fly News Breaks for November 13, 2019
Nov 13, 2019 | 07:55 EDT
Needham analyst James Ricchiuti lowered his price target on II-VI to $40 after its "mixed" Q1 results and "disappointing" Q2 guidance. The analyst says the company's weak outlook reflects a slower environment in its industrial vertical, softness in the data-com portion of its communications business, and technical issues in the Finisar Sherman 3D sensing fab.
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