UPDATE: Canaccord Genuity Upgrades AIXTRON to Hold on Market Bottom, Lack of Leverage
In a report published Monday, Canaccord Genuity analyst Jonathan Dorsheimer upgraded the rating on AIXTRON (NASDAQ: AIXG) from Sell to Hold, and raised the price target from $11.00 to $14.00.
In the report, Dorsheimer noted, “We are upgrading the LED group following our recent supply chain tour of Asia. Specifically for AIXTRON, we believe that the equipment market has finally bottomed; however, we believe a lack of leverage in the company's model justifies only a HOLD rating.”
AIXTRON closed on Friday at $13.65.
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