Ichor Holdings upgraded to Buy from Hold at Stifel

Stifel upgraded Ichor Holdings (ICHR) to Buy from Hold with a price target of $55, up from $30. The firm says it has renewed confidence that the company’s gross margin trajectory is entering an up-cycle sweet spot, the analyst tells investors in a research note. Stifel adds that it had expected 2026 to be a transitional year for the company, but it has subsequently become clear that cyclical business conditions are not only strengthening but accelerating.