Needham Maintains Buy on Cohu, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on Cohu (NASDAQ:COHU) but lowers the price target from $37 to $33.
August 01, 2024 | 11:39 am
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Needham analyst Charles Shi maintains a Buy rating on Cohu but lowers the price target from $37 to $33, indicating a cautious optimism.
The maintained Buy rating suggests continued confidence in Cohu's prospects, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100