Lasertec upgraded to Neutral from Sell at Goldman Sachs

Goldman Sachs upgraded Lasertec to Neutral from Sell with a 34,000 yen price target. The firm notes that the company’s Q4 orders of 123.9B was well above its estimate of 52.4B, and the company stated there has been strong demand from logic customers for its ACTIS series, particularly for mask shop applications. The outlook for potential strength in future orders and earnings momentum has improved, the analyst tells investors in a research note.