Needham Maintains Buy on II-VI, Raises Price Target to $75
$IIVI
Needham analyst James Ricchiuti maintains II-VI (NASDAQ:IIVI) with a Buy and raises the price target from $70 to $75.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2022 | $75.00 → $59.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/10/2022 | $87.00 → $88.00 | Buy | B. Riley Securities |
| 2/10/2022 | $68.00 → $75.00 | Neutral | Citigroup |
| 2/10/2022 | $77.00 → $79.00 | Outperform | Raymond James |
| 2/8/2022 | $85.00 → $84.00 | Buy | Needham |
| 1/10/2022 | $71.00 → $80.00 | Neutral | BofA Securities |
| 1/3/2022 | $77.00 | Mkt Perform → Outperform | Raymond James |
| 12/15/2021 | $80.00 → $82.00 | Equal-Weight → Overweight | Morgan Stanley |
Morgan Stanley downgraded II-VI from Overweight to Equal-Weight and set a new price target of $59.00 from $75.00 previously
B. Riley Securities reiterated coverage of II-VI with a rating of Buy and set a new price target of $88.00 from $87.00 previously
Citigroup reiterated coverage of II-VI with a rating of Neutral and set a new price target of $75.00 from $68.00 previously
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New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Industrial lasers are used to precisely weld metals, cut metals and fabrics, mark tracking codes for manufacturing process traceability, clean metal surfaces, change surface roughness, and measure part dimensions. The EV and primary metals sectors are just two of the many areas where they are widely utilized. Due to the multiple technological advancements in an industrial setting, including industrial automation, industrial robotics, 3D printing, etc., brought about by the development of Industry 4.0 and Industrial IoT, it is projected that the adoption of laser systems in industries will rise. The demand for precision in manufact
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New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Industrial lasers are used to precisely weld metals, cut metals and fabrics, mark tracking codes for manufacturing process traceability, clean metal surfaces, change surface roughness, and measure part dimensions. The EV and primary metals sectors are just two of the many areas where they are widely utilized. Due to the multiple technological advancements in an industrial setting, including industrial automation, industrial robotics, 3D printing, etc., brought about by the development of Industry 4.0 and Industrial IoT, it is projected that the adoption of laser systems in industries will rise. The demand for precision in manufact
Delivers record quarterly revenues of $887 million, up 7% sequentially and 10% year-over-yearPosts Q4FY22 GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98Achieves record FY22 bookings of $4.32 billion and revenue of $3.32 billion; up 29% and 7% annually respectivelyGenerates operating cash flow of $413 million PITTSBURGH, Aug. 24, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We" or the "Company") an innovator in materials, networking and lasers enabling a sustainable world, today reported results for its fiscal 2022 fourth quarter and fiscal year ended June 30, 2022. The Company revenue for the fourth fiscal quarter of 2022 was $887 million, an increase of 7% o
PITTSBURGH, Aug. 10, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a conference call on Wednesday, August 24, 2022, at 9:00 a.m. ET. The call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Materials Segment. The fourth-quarter results for FY 2022 will be released before the market opens on Wednesday, August 24, 2022, and will be posted on the Company's website at www.ii-vi.com/investor-relations. Individuals wishing to listen to th
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4 - COHERENT CORP. (0000820318) (Issuer)
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