Ichor Holdings upgraded to Buy from Hold at Needham

Needham upgraded Ichor Holdings (ICHR) to Buy from Hold with a $36 price target Improving industry conditions are expected to benefit the broader semicap group, including Ichor, though execution under new leadership still needs to be proven, the analyst tells investors in a research note. Commentary from the Needham Growth Conference highlighted widespread demand improvement over the past 90 days, reinforcing a broadly bullish outlook across the sector.