II-VI Shares Gain Steam As Raymond James Upgrades Stock - Coherent (NYSE:COHR)

Raymond James analyst Simon Leopold upgraded II-VI Inc (NASDAQ:IIVI) to Outperform from Market Perform with a price target of $77. The price target implies a 12.7% upside.

Leopold sees significant growth led by hyper-scale builders investing in 400G, 200G, and 100G optical transceivers.
Related Content: Read Why Morgan Stanley Sees 26% Upside In II-VI, II-VI Reports Mixed Q1 Results, Sees Q2 Revenue Below Consensus
Leopold sees the Coherent Inc (NASDAQ:COHR) deal closing in the first half of 2022.
II-VI is a global leader in engineered materials and optoelectronic components. It is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, industrial, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets.
Price Action: IIVI shares traded higher by 2.44% at $70 in the premarket session on the last check Monday.

COHRCoherent Corp

$380.65-0.47%

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