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Fly News Breaks for December 29, 2017
AEIS
Dec 29, 2017 | 07:06 EDT
After Advanced Energy Industries announced that its CFO would be leaving the company, Stifel analyst Patrick Ho said he "strongly" does not believe any financial issues or concerns are related to this departure, but that it is wholly related to Tom Liguori seeking a different career opportunity. Liguori is staying into January, which should minimize any disruption of year-end closing of the books, said Ho, who also views this opening as an attractive one that should attract quality and high level candidates. The analyst maintains his near-term favorable bias on Advanced Energy, though he keeps a Hold rating on the shares.
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