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Fly News Breaks for May 18, 2015
ACLS
May 18, 2015 | 07:22 EDT
Stifel raised its price target on Axcelis as it believes that the company's new Purion products have improved its competitive position, expects positive memory spending trends to continue through 2H15, predicts the company will benefit from an acceleration in spending on mature node, logic, and believes that Axcelis' gross margin can beat expectations. The firm keeps a Buy rating on the shares.
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