Craig-Hallum upgraded Kulicke & Soffa to Buy from Hold with a price target of $60, up from $55. The company guided Q1 below expectations but largely in line with what the company sees as normal seasonality with management expecting to see sequential demand improvement in Q2 and a stronger 2H recovery, the analyst tells investors in a research note.
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Read More on KLIC:
- Kulicke & Soffa price target lowered to $65 from $70 at DA Davidson
- Kulicke & Soffa price target raised to $56 from $52 at B. Riley
- Kulicke & Soffa upgraded to Buy from Hold at Craig-Hallum
- Kulicke & Soffa receives orders for Thermocompression Bonding solutions
- Kulicke & Soffa raises quarterly dividend to 20c from 19c per share
