William Blair downgraded Axcelis (ACLS) to Market Perform from Outperform. The growth story of silicon carbide has “changed materially” as EV demand has remained weak outside of China and there is limited visibility on a recovery, the analyst tells investors. The firm sees risk to the company’s 2027 targets, the analyst added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACLS:
- Axcelis Reports 2024 Earnings Amid Market Adjustments
- Axcelis price target lowered to $100 from $125 at DA Davidson
- Axcelis Technologies: Hold Rating Amid Market Challenges and Uncertain Outlook for 2025
- Closing Bell Movers: Lattice Semi up 13% on earnings
- Axcelis reports Q4 EPS $1.54, consensus $1.25
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue