II-VI Incorporated Upcoming Q4 Earnings Preview 
<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/IIVI'>II-VI Incorporated (NASDAQ:IIVI)</a> ahead of upcoming Q4 results, expecting healthy demand trends for the company's products on solid data centers and enterprise dynamics that should lead to continued revenue growth for its communications business. </p>
<p>The analysts also expect the backlog to continue to grow despite supply shortages appearing to have mildly improved. That said, the analysts believe slowing manufacturing activities and weakness in consumer electronics could be headwinds, and also expect gross margin recovery to be gradual on sustained inflationary pressures.</p>
<p>The analysts lowered their price target to $58 from $75, while reiterating their hold rating. While the analysts believe the company offers great exposure to secular growth themes, in the short term, they have yet to see a clear path for a potential re-rating of the stock given the increased cost of debt and risks to its industrial and consumer segments.</p>

NASDAQ:IIVI