Deutsche Bank Upgrades Aixtron (AIXG) to Buy; MOCVD Green-Shoots Emerging

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March 15, 2012 7:21 AM EDT
Get Alerts AIXG Hot Sheet
Price: $3.06 --0%

Rating Summary:
    4 Buy, 14 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Deutsche Bank upgraded Aixtron (NASDAQ: AIXG) to Buy with a price target of EUR17.00.

Deutsche analyst said, "Based on early indications of a recovery in the LED industry demand, we upgrade Veeco (Nasdaq: VECO) and AIXA (Nasdaq: AIXG) to Buy. We expect Q1’12 to be the trough bookings quarter for MOCVD equipment suppliers and expect positive share price momentum to continue as the order visibility improves. Checks also indicate positive China momentum post Chinese New Year (recall that Cree (Nasdaq: CREE) guidance was dependent on demand post Chinese New Year)."

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 $16.35 yesterday.

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