UPDATE: Stifel Nicolaus Downgrades Rofin-Sinar Technologies to Hold

UPDATE: Stifel Nicolaus Downgrades Rofin-Sinar Technologies to Hold Stifel Nicolaus lowers its rating on Rofin-Sinar Technologies

from Buy to Hold on fear of elevated competition. Stifel Nicolaus says, "Although Rofin-Sinar remains one of the best managed companies within our Applied Technologies research coverage, our analysis indicates the company is likely to experience increasing levels of competition in its core markets as fiber laser adoption increases and encroaches on traditional CO 2 markets. This trend is likely to threaten the company's consistent record of long-term growth, demonstrated through our below-consensus estimates and driving our Hold rating." RSTI closed at $24.32 on Wednesday.