Cohu price target lowered to $35 from $40 at Stifel

Stifel lowered the firm’s price target on Cohu (COHU) to $35 from $40 and keeps a Buy rating on the shares. Cohu reported Q4 results that narrowly missed the firm’s estimates, notes the analyst. Given the “current malaise in the auto/industrial markets,” however, the firm finds the continued stabilization in Cohu’s quarterly sales as “added reassurance that revenue is at the trough,” the analyst tells investors.