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 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.