Vishay price target raised to $16 from $14 at BofA

BofA raised the firm’s price target on Vishay (VSH) to $16 from $14 and keeps an Underperform rating on the shares. The firm is raising estimates and using a slightly higher multiple on expected higher growth and margin improvement, but remains cautious in the near-term heading into the fiscal Q4 earnings call, the analyst tells investors.