Market Overview

Citi Maintains Hold on Advanced Energy Industries (AEIS)

Share:

Citi is out with its report today on Advanced Energy Industries (NASDAQ: AEIS), maintaining Hold.

In a note to clients, Citi writes, "We rate AEIS Hold, Speculative with a $18 target. As the semiconductor
cycle moderates, we have typically focused on mid-cycle earnings for semicap companies. However, because of the solar business and that inverters are early in their growth cycle, we are choosing to use more of a spot earnings estimate for our valuation."

Shares of AEIS closed Wednesday at $16.21, up 2.27% from Tuesday's close.

 

Related Articles (AEIS)

View Comments and Join the Discussion!

Posted-In: Advanced Energy Industries CitiAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
WKHSRoth CapitalMaintains15.0
HCKTRoth CapitalMaintains22.0
ARECRoth CapitalInitiates Coverage On7.5
SLABWells FargoMaintains180.0
PENWells FargoMaintains310.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com