- 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.