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AEIS - Advanced Energy Industries Inc News Story

$80.07 0.4  0.4%

Last Trade - 13/08/20

Sector
Technology
Size
Mid Cap
Market Cap £2.35bn
Enterprise Value £2.31bn
Revenue £894.7m
Position in Universe 1478th / 6381

BUZZ-Advanced Energy Industries: Up after D.A. Davidson upgrades to "buy"

Thu 26th September, 2019 2:58pm
** Shares of semiconductor equipment maker  AEIS.O  up 1.5%
at $59.85 after D.A. Davidson upgrades to "buy" from "neutral" 
    ** Brokerage expects significant earnings growth, driven by
cost cuts and demand recovery from memory industry
    ** Raises PT to $68 from $58, implying an upside of 15% to
stock's last close
    ** Artesyn acquisition provides diversification from future
semi cycles, cross-selling opportunities, and a significantly
larger total addressable market - D.A. Davidson 
    ** 5 of 7 brokerages rate the stock "buy" or higher, 2
"hold"; median PT is $65.50
    ** Up to Wednesday's close, stock had risen 37.36% this year
vs 42.16% rise in S&P 600 Semiconductor Equipment index
 .SPSMCSEQP 

 (Reporting by Amal S in Bengaluru)
 ((Amal.S@thomsonreuters.com; within U.S.+1 646 223 8780;
outside U.S. +91 80 6749 0536;))
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