Needham Maintains Buy on Cohu, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi has maintained a Buy rating on Cohu (NASDAQ:COHU) but has reduced the price target from $42 to $36.
January 30, 2024 | 2:21 pm
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Needham analyst Charles Shi reaffirms a Buy rating on Cohu but lowers the price target to $36 from $42.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to short-term price fluctuations. However, the maintained Buy rating suggests that the overall outlook for the company remains positive, which could mitigate any negative impact from the lowered price target.
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