Trump defends intervention to help China telecom company ZTE

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Acacia Communications (ACIA) PT Lowered to $27 at Goldman Sachs; 'Most Impacted by Potential Resolution Given 30% ZTE Sales Exposure'

May 15, 2018 7:23 AM EDT

Goldman Sachs lowered its price target on Acacia Communications (NASDAQ: ACIA) to $27.00 (from $34.00) while maintaining a Neutral rating, following reports of progress towards ending the ban on ZTE sales.

On May 13, President Trump tweeted, President Xi of China, and I, are working... More