Why Cohu Stock Raced Nearly 6% Higher Today
An analyst launched his coverage of the stock with an unambiguous buy recommendation.
Overview
On Thursday, an analyst's rather bullish initiation of coverage on Cohu (NASDAQ: COHU) stock clearly resonated with the market. Investors took that pundit's advice to heart, pushing the semiconductor diagnostics company's shares to an almost 6% share price gain that trading session.
Just after Wednesday's market close, Baird's Quinn Fredrickson initiated his tracking of Cohu stock by pronouncing it an outperform (i.e., buy). He also set a price target of $65 per share for the highly specialized tech stock, anticipating nearly 18% upside to its current level.
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.