Ichor Holdings price target lowered to $21 from $25 at Oppenheimer

Oppenheimer lowered the firm’s price target on Ichor Holdings (ICHR) to $21 from $25 and keeps a Perform rating on the shares. The firm notes shares are under heavy pressure after the company posted another mixed quarter where revenue was relatively benign, but gross margin and guidance were below expectations, calling into question management’s long-term strategy of step functioning up profitability by integrating internal components.