TD Cowen analyst Krish Sankar raised the firm’s price target on Ichor Holdings (ICHR) to $55 from $22 and keeps a Buy rating on the shares. The firm said they reported a beat and raise quarter following a positive pre-release last month as demand for semicaps strengthened throughout the start of the year. Importantly, this strength doesn’t seem to be related to pull-ins, but more of customer inventory replenishment as the cycle turns.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICHR:
- Ichor Holdings price target raised to $36 from $32 at Oppenheimer
- Ichor Holdings upgraded to Buy from Neutral at B. Riley
- Ichor Holdings price target raised to $30 from $25 at Stifel
- Ichor: Leveraging the Semiconductor Equipment Upcycle and Cost Transformation for Margin Expansion and Upside Potential
- Closing Bell Movers: Upwork down over 20% on soft guidance