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Cohu +4.5% as Stifel sees recovery forming

May 07, 2019 8:01 AM ETCohu, Inc. (COHU) StockCOHUBy: Brandy Betz, SA News Editor1 Comment
  • Stifel upgrades Cohu (NASDAQ:COHU) from Hold to Buy and raises the PT from $18.50 to $22.
  • Analyst Brian Chin cites increased confidence in the forming recovery after Cohu's recent earnings report.
  • Chin: "Not only does new evidence suggest a stronger operating model will emerge in the next upcycle, but we also have increased confidence that Cohu’s underlying business will enter into an initial recovery phase in 2H19."
  • Cohu shares are up 4.5% pre-market to $16.16.

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