Ichor Holdings Ltd. (ICHR) saw its stock soar 6.77% in pre-market trading on Wednesday, following positive analyst commentary and price target raises.
Analyst Christian Schwab from Craig-Hallum reiterated a Buy rating on Ichor with a price target of $50, implying significant upside potential. Separately, B. Riley adjusted its price target on Ichor to $42 from $38 while maintaining a Buy rating.
The bullish calls come as analysts polled by FactSet have an average Overweight rating on Ichor with a mean price target of $42.83, suggesting the stock could continue its upward momentum.
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