Goldman Sachs Upgrades ASM International (ASMI) to Neutral

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Goldman Sachs issued an intraday upgrade on shares of ASM International (NASDAQ: ASMI) Wednesday afternoon. The firm boosted its investment rating from Sell to Neutral.

The firm cited "improved prospects...for structural change." Goldman said recent outperformance was driven mainly by "stronger-than-expected capital expenditure at semiconductor producers and assembly & packagingin providers, as well as commentary at its May 15 AGM."

For an analyst ratings summary and ratings history on ASM International click here. For more ratings news on ASM International click here.

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