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UBS Boosts PT on Rubicon (RBCN) to $12; Demand is Strong, but Profits Aren't Guaranteed

Go back to UBS Boosts PT on Rubicon (RBCN) to $12; Demand is Strong, but Profits Aren't Guaranteed

Canaccord Genuity Reiterates Bullish Stance on Rubicon (RBCN); LED Inflection Driving Pricing Higher

March 26, 2014 8:58 AM EDT

Canaccord 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