Needham & Company Maintains a 'Buy' on FSI International (FSII); Adjusting Estimates in Conjunction With Our Updated Industry Outlook

Needham & Company maintains a 'Buy' on FSI International (NASDAQ: FSII) price target lowered from $4.50 to $3.00.

Needham analyst says, "We are adjusting our estimates for FSII, in conjunction with our updated industry outlook as detailed in our industry report titled: Semiconductor Capital Equipment Update Volume 23: Picking a Bottom. Adjusting estimates and price target. We lower our 2011 estimates to $94.2MM/$0.23 and 2012 to $93MM/$0.16, reflecting a more conservative outlook due to concerns over deteriorating chip demand and the lack of visibility."

For more ratings news on FSI International click here and for the rating history of FSI International click here.

Shares of FSI International closed at $2.27 yesterday.

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