Camtek downgraded to Hold from Buy at Stifel

Stifel analyst Brian Chin downgraded Camtek (CAMT) to Hold from Buy with an unchanged price target of $185. The firm cites valuation for the downgrade with the shares near the price target Camtek has announced solid outsourced semiconductor assembly and test order momentum and is positioned for a stronger second half of the year, the analyst tells investors in a research note. However, at the stock’s current valuation, Stifel suspects some upside may already be priced in. It prefers to wait for a better entry point.