Goldman Sachs Downgrades Aixtron (AIXG) to Neutral

May 23, 2013 12:35 PM EDT
Get Alerts AIXG Hot Sheet
Price: $3.06 --0%

Rating Summary:
    7 Buy, 18 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Goldman Sachs downgraded Aixtron (NASDAQ: AIXG) from Buy to Neutral. Analyst Simon F. Schafer is cautious following a recent rally.

"We continue to believe that 2013 likely marks a cyclical trough in LED industry capex. However, in light of the recent run in AIX's shares, we see a more balanced risk-reward in the stock and downgrade it from Buy to Neutral as the shares have approached our price target," said Schafer.

For an analyst ratings summary and ratings history on Aixtron (NASDAQ: AIXG) click here. For more ratings news on Aixtron click here.

Shares of Aixtron closed at $16.44 yesterday.

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