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
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100