TD Cowen lowered the firm’s price target on Cohu (COHU) to $27 from $30 and keeps a Buy rating on the shares. The firm said the December 2024 quarter top line results were as expected but auto/industrial weakness persists and test utilization remain below historic repurchasing levels. Design win momentum is encouraging as it should be additive to growth once the industry recovers.
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Read More on COHU:
- Cohu price target lowered to $35 from $40 at Stifel
- Cohu price target lowered to $30 from $34 at B. Riley
- Cohu Inc. Reports 2024 Financial Performance and Strategic Moves
- Closing Bell Movers: Airbnb, Roku up double digits on earnings
- Cohu down 7% at $20.04 after Q4 earnings miss, below-consensus guidance
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