Rogers Corporation price target raised to $165 from $153 at B. Riley

B. Riley analyst Craig Ellis raised the firm’s price target on Rogers Corporation (ROG) to $165 from $153 and keeps a Buy rating on the shares. The company delivered in-line to better-than-expected Q1 results on both revenue and earnings, with a stronger-than-anticipated Q2 outlook and improving gross margin guidance, the analyst tells investors in a research note. The quarter highlighted effective execution under Interim CEO El-Haj, with improvements in customer responsiveness, product velocity, and positioning into a gradually improving industry backdrop, the firm says.