CLSA analyst Tony Zhang upgraded AAC Technologies to Underperform from Sell with a price target of HK$18.80, up from HK$16.50. The analyst cites the upcoming driver of iPhone haptics upgrades and the company’s improving cash flow for the upgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly