Information Provided By:
Fly News Breaks for January 22, 2020
ACMR
Jan 22, 2020 | 07:14 EDT
Nomura Instinet analyst Donnie Teng raised his price target for ACM Research to $70 from $33 and keeps a Buy rating on the shares. Due to the positive feedback from investors, there could be more fund flow to drive ACM's stock price higher, considering its current valuation discount to China peers, Teng tells investors in a research note. Further, the analyst expects the potential recovery of DRAM capex in the second half of 2020 to fuel upside to the company's sales.
News For ACMR From the Last 2 Days
ACMR
ACMR
I agree to the thefly.com's disclaimer & terms of use
About Privacy Terms of Use

© 1996-2018 TheStreet, Inc., 14 Wall Street, 15th Fl, NY, NY 10005

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.