VOLUME ALERT: Cohu (COHU)

Posted in General 
July 23rd, 2009

Cohu Inc. (Nasdaq: COHU) shares are up more than 25 percent to $12.84 on more than three times average daily volume. The stock was upgraded to Buy with a $13 target at Needham & co. after the company posted a second-quarter net loss of 6 cents a share, vs. a single analyst estimate of a loss of 22 cents a share. Needham noted the potential for follow-on orders from customers and the potential for upward estimate revisions — Mike Tarsala

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