Cohu price target lowered to $40 from $45 at B. Riley

B. Riley analyst Craig Ellis lowered the firm’s price target on Cohu to $40 from $45 and keeps a Buy rating on the shares after the company reported Q1 results slightly above expectations while offering a Q2 outlook that was “fractionally lower as A&I bounces along.” Following the report, the firm fine-tuned its estimates, with calendar 2024 a little lower and 2025 a little higher, the analyst tells investors.