UPDATE: Rodman & Renshaw Raises Price Target on Mattson Technology to $4.50

According to Rodman & Renshaw, Mattson Technology MTSN price target is raised to $4.50. Rodman & Renshaw said that it is transferring coverage of Mattson Technology Inc. (Mattson, Ticker: MTSN). “We are maintaining a Market Outperform/ Speculative Rating but raising our 12 -18 month price target from $3.00 to $4.50. Mattson manufactures, designs and markets semiconductor wafer-processing equipment used in the fabrication of integrated circuits (ICs or chips).” Mattson Technology closed yesterday at $3.