Camtek price target lowered to $84 from $105 at Stifel

Stifel lowered the firm’s price target on Camtek (CAMT) to $84 from $105 and keeps a Buy rating on the shares after the company reported Q1 results. Management’s tone on the second half of the year is understandably more cautious considering the current geo-economic climate, yet Camtek still expects a “solid” Q3 and believe its advanced packaging revenue remains on track to grow year-over-year, the analyst tells investors in a research note. The firm believes the company’s new product releases, including Eagle Gen5, and in particular its more advanced Hawk platform, are important factors helping to sustain growth.