UBS Boosts PT on Rubicon (RBCN) to $12; Demand is Strong, but Profits Aren't Guaranteed
- Wall St opens lower as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Canaccord Genuity Reiterates Bullish Stance on Rubicon (RBCN); LED Inflection Driving Pricing Higher
March 26, 2014 8:58 AM EDTCanaccord Genuity analyst Jonathan Dorsheimer reiterated a Buy rating and $15 price target on Rubicon Technology (NASDAQ: RBCN) saying LED inflection is driving pricing higher.
"We reiterate our BUY rating on RBCN shares as our research indicates that LED adoption is tightening the sapphire... More