Ichor Holdings resumed with a Buy at Stifel

Stifel analyst Brian Chin resumed coverage of Ichor Holdings with a Buy rating and $37 price target. Ichor has successfully executed its growth playbook, expanding its addressable market into new products and services, allowing it to penetrate new customers while also vying for a larger slice of existing customers’ COGS, Chin tells investors in a research note. The stock offers favorable risk-reward for small cap growth investors looking to gain exposure to the sector with business conditions bottoming, the analyst contends.