DA Davidson analyst Thomas Diffely lowered the firm’s price target on Axcelis (ACLS) to $100 from $125 and keeps a Buy rating on the shares. The company’s Q1 outlook fell well below Street expectations and is putting meaningful pressure on the stock, the analyst tells investors in a research note, adding that industry digestion across the company’s all important mainstream markets looks to keep activity fairly muted for the next few quarters
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Read More on ACLS:
- Axcelis Technologies: Navigating Demand Challenges and Market Position Amidst Uncertainty
- Axcelis downgraded to Market Perform from Outperform at William Blair
- 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