With EPS growth for the next five years forecasted at 33.61%, Rogers Corporation (NYSE:ROG) is among the 12 Best Quality Stocks to Buy and Hold for the Next Decade.
Riley raised its price target on Rogers Corporation (NYSE:ROG) to $200 from $165 while maintaining a Buy rating. The firm cited the company’s strong operational execution and growing confidence in management’s strategy to reaccelerate revenue growth following its annual investor conference. According to B.
Riley, Rogers has demonstrated meaningful progress in strengthening its business, increasing the firm’s conviction that the company can deliver substantial earnings expansion over the coming years through improved execution, innovation, and exposure to attractive end markets. Earlier, on May 19, Rogers Corporation (NYSE:ROG) announced the appointment of Ali El-Haj as President and Chief Executive Officer, effective immediately. The company stated that El-Haj successfully improved operational execution while serving as interim CEO and sharpened the organization’s focus on innovation initiatives.