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Ichor Holdings price target raised to $40 from $34 at Needham
The Fly

Ichor Holdings price target raised to $40 from $34 at Needham

Needham analyst Quinn Bolton raised the firm’s price target on Ichor Holdings to $40 from $34 and keeps a Buy rating on the shares. The company’s Q4 results met its pre-announced guidance and its outlook for Q1 growth is a "positive", the analyst tells investors in a research note. The firm adds that Ichor’s gross margins should improve as its revenue recovers in the second half of the year while noting that WFE spending will bottom in the middle of 2023.

Published first on TheFly

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