TD Cowen lowered the firm’s price target on Cohu (COHU) to $27 from $30 and keeps a Buy rating on the shares. The firm said the December 2024 quarter top line results were as expected but auto/industrial weakness persists and test utilization remain below historic repurchasing levels. Design win momentum is encouraging as it should be additive to growth once the industry recovers.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHU:
- Cohu price target lowered to $35 from $40 at Stifel
- Cohu price target lowered to $30 from $34 at B. Riley
- Cohu Inc. Reports 2024 Financial Performance and Strategic Moves
- Closing Bell Movers: Airbnb, Roku up double digits on earnings
- Cohu down 7% at $20.04 after Q4 earnings miss, below-consensus guidance
Questions or Comments about the article? Write to editor@tipranks.com