Piper Jaffray Discontinues Rudolph Technologies (RTEC)

Piper Jaffray has declared that it will no longer cover Rudolph Technologies RTEC. Rudolph provides process control solutions to the semi conductor industry. Analysts have warned not to refer to previous analysis of the company from Piper Jaffray as there will no longer be any follow-up analysis. Previously, the company was rated ‘Overweight’. The target price was $13.00. Investors should no longer consider the previous rating, price target, estimates and model from Piper Jaffray for the company.