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UPDATE: Rudolph Technologies Down 4% After Credit Suisse Downgrade

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In an report published Tuesday, Credit Suisse research analysts downgrades Rudolph Technologies (NYSE: RTEC) from Overpriced to Neutral, maintaining a price target of $11.50.

Credit Suisse comments, "RTEC has the highest market share in macro-inspection for advanced packaging and will benefit when packaging moves to more complex 2.5D/3D. We however now believe that decline in Front-end revenues is structural and don't expect recovery back to 2012 levels - this could lead to CY14 revenues and EPS downside to $215mn/$0.60 versus our current model at $229m/$0.76 and street at $224m/$0.69."

RTEC closed on Monday at $12.04 and currently trading down 3.5% at $11.62.

Latest Ratings for RTEC

DateFirmActionFromTo
Oct 2018B. Riley FBRMaintainsBuyBuy
Oct 2018Stifel NicolausMaintainsBuyBuy
Sep 2018Sidoti & Co.UpgradesNeutralBuy

View More Analyst Ratings for RTEC
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Posted-In: Credit SuisseAnalyst Color Downgrades Analyst Ratings

 

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