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Fly News Breaks for June 16, 2017
ACLS
Jun 16, 2017 | 09:18 EDT
Needham analyst Y. Edwin Mok raised his estimates for Axcelis and upped his price target on the shares to $27 from $23, citing increased confidence in its outlook in the second half of the year following its announcement of multiple follow-up orders for its Purion products. The analyst, who recommends using the recent pullback as an opportunity to buy the stock, keeps a Buy rating on Axcelis shares.
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