Wedbush raised the firm’s price target on AXT Inc. (AXTI) to $7 from $4.10 and keeps an Outperform rating on the shares ahead of Q3 results. The firm lifted its Q3 revenue assumptions to take into account AXT Inc.’s filing indicating it received export permits from the Ministry of Commerce of the People’s Republic of China to resume shipping indium phosphide substrates to certain additional customers.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AXTI: