Cohu price target raised to $48 from $42 at Stifel

Stifel analyst Brian Chin raised the firm’s price target on Cohu to $48 from $42 and keeps a Buy rating on the shares. In the near term, the firm sees resilience in automotive favoring Cohu due to its higher indexing to auto / industrial capacity, the analyst tells investors. Stifel is optimistic that the company can sustain a higher base level of shipment activity into Q3.