Needham & Company Cuts Price target on Mattson Technology, Inc. (MTSN) Following Industry Report

Needham & Company reiterated a Buy rating on Mattson Technology (NASDAQ: MTSN), and cut the price target to $3.50 (from $4.00), following an industry report.

Analyst Edwin Mok commented, "In conjunction with our industry report published today titled, "SemiCap Industry Update Vol 66: Bracing for a Slower 2016," we are changing our estimates and PT for MTSN."

For an analyst ratings summary and ratings history on Mattson Technology click here. For more ratings news on Mattson Technology click here.

Shares of Mattson Technology closed at $2.70 yesterday.

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