Citigroup downgraded Advanced Energy (NASDAQ: AEIS) from “hold” to “sell.”
According to Citigroup, there is a high possibility of a correction in the semi equipment group. AEIS’ 52-week trading range is $5.36-$16.82. The company was trading at $15.62 at yesterday’s close. Citigroup has set a target price for AEIS to $12.
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