Fly News Breaks for November 14, 2019
Nov 14, 2019 | 09:18 EDT
DA Davidson analyst Thomas Diffely lowered his price target on II-VI to $40 after its Q1 earnings miss, saying that the first reported quarter following the acquisition of Finisar was hamstrung by its softer than expected contribution along with the "depressed" market conditions. The analyst still keeps his Buy rating on II-VI given its "key growth opportunities" in 5G, 3D sensing and Silicon Carbide.
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