Axcelis Announces Financial Results for Fourth Quarter and Full Year 2017

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Axcelis Technologies (ACLS) PT Lowered to $33 at Needham & Company, Keeps Buy

February 7, 2018 6:11 AM EST

Needham & Company lowered its price target on Axcelis Technologies (NASDAQ: ACLS) to $33.00 (from $36.00) while maintaining a Buy rating.

Analyst Y. Edwin Mok commented, "ACLS reported solid 4Q17 results and provided 1Q18 revenue guidance above consensus. Guidance reflected the multiple orders first announced on... More