Wunderlich Securities Upgrades Advanced Energy Industries (AEIS) to Buy
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Wunderlich Securities upgrades Advanced Energy Industries (Nasdaq: AEIS) from Hold to Buy. Price target increased from $11 to $13.
Wunderlich analyst says, "We believe the company's total revenue growth will be modestly better than we had previously modeled due to higher flat panel and solar revenue, which will lead to improved earnings, particularly in 2010. Our price target reflects our continued belief that the stock is fairly valued at times our next four quarters enterprise value/sales estimate, although we believe that estimate has upside pending the company's success in penetrating new rapidly growing segments of the solar market."
To see more analyst ratings on AEIS Click Here.
Advanced Energy Industries, Inc. (Advanced Energy) designs, manufactures, sell and support industrial power conversion products that transform power into various usable forms.
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