Wedbush analyst Matt Bryson lowered the firm’s price target on AXT Inc. (AXTI) to $4.10 from $4.25 and keeps an Outperform rating on the shares. The firm says AXT’s issues with export licenses remain a substantial headwind hindering both the quarter just reported as well as the guide.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXTI: