Rogers Corporation price target raised to $150 from $145 at B. Riley

B. Riley raised the firm’s price target on Rogers Corporation to $150 from $145 and keeps a Buy rating on the shares. The company’s Q1 results showed signs of improving execution with design wins, manufacturing costs, cash generation, and debt paydown, the analyst tells investors in a research note. The firm believes new Portable Electronics design wins are helping to drive incremental sources of 2024 sales.