Ichor Holdings price target raised to $40 from $31 at DA Davidson

DA Davidson analyst Hans Chung raised the firm’s price target on Ichor Holdings to $40 from $31 and keeps a Buy rating on the shares after its in-line Q4 results and guidance. The down cycle theme in 2023 is now well digested by the market and a "nice recovery" in 2024 with potentially further margin expansion driven by new generation gas panels is expected, the analyst tells investors in a research note.