Ichor Holdings price target raised to $42 from $31 at TD Cowen

TD Cowen analyst Krish Sankar raised the firm’s price target on Ichor Holdings to $42 from $31 and keeps an Outperform rating on the shares. The firm said a near-term outlook of trudging through the bottom of a cyclical downturn in the first half of this year is understandable given the current environment while a rebound in C2H24 seems contingent on a WFE demand recovery as inventory levels normalize.