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Fly News Breaks for May 2, 2018
AEIS
May 2, 2018 | 07:57 EDT
Needham analyst Y. Edwin Mok lowered his price target on Advanced Energy to $80, noting that he is "surprised" by the negative reaction in the stock price in spite of a "beat and raise" Q1. The analyst believes that investors are under-appreciating additional WFE expansion potential, "industry leading" margin structure, and accelerating stock buybacks, recommending "aggressive" buying for investors on the stock price pullback.
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