Cohu price target raised to $30 from $27 at Needham

Needham analyst N. Quinn Bolton raised the firm’s price target on Cohu (COHU) to $30 from $27 and keeps a Buy rating on the shares after its in-line Q3 results and guidance. This is the first time the firm did not have to cut next quarter’s revenue estimate following earnings, suggesting that Cohu may have finally reached a bottom as the management sees that all segments had seen a sequential increase in bookings, the analyst tells investors in a research note.