Canaccord Genuity Upgrades Aixtron (AIXG) to Hold; Major Negative Catalyst Is Now Behind
Tweet
Share
E-mailGet Alerts AIXG Hot Sheet
Price: $3.06 --0%
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity upgraded Aixtron (NASDAQ: AIXG) from Sell to Hold, price target raised to $15.00.
Analyst, Jonathan Dorsheimer, said, "Citing extremely low visibility, AIXTRON management refrained from issuing full-year guidance on its Q4 earnings call. We do not believe that market share shifts are the driving force behind the company’s weak order outlook. We continue to believe that MOCVD demand has fallen to less than 200 tools for 2012."
"While the stock could trend lower from here as a result, we feel that most of the negative catalysts are known, and other than the financial results creating a disappointment we feel that expectations have been sufficiently reduced."
For an analyst ratings summary and ratings history on Aixtron click here. For more ratings news on Aixtron click here.
Shares of Aixtron closed at $15.59 yesterday.
Analyst, Jonathan Dorsheimer, said, "Citing extremely low visibility, AIXTRON management refrained from issuing full-year guidance on its Q4 earnings call. We do not believe that market share shifts are the driving force behind the company’s weak order outlook. We continue to believe that MOCVD demand has fallen to less than 200 tools for 2012."
"While the stock could trend lower from here as a result, we feel that most of the negative catalysts are known, and other than the financial results creating a disappointment we feel that expectations have been sufficiently reduced."
For an analyst ratings summary and ratings history on Aixtron click here. For more ratings news on Aixtron click here.
Shares of Aixtron closed at $15.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- DA Davidson Reiterates Buy Rating on Box, Inc. (BOX) on Secular Tailwinds for Demand
- Is the global equity rally broadening? UBS weighs in
Create E-mail Alert Related Categories
Analyst EPS View, Analyst PT Change, UpgradesRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
