As previously reported, DA Davidson analyst Thomas Diffely upgraded Advanced Energy to Buy and raised his price target to $68 from $52, saying the company is positioned for "several years" of significant earnings growth. The analyst cites the impact of cost cutting synergies, followed by its "strong leverage" to recovery in memory, adding that the company's recent Artesyn acquisition allows it to diversify from future semi cycles and create cross selling opportunities. Diffely also raises his FY19 EPS view on Advanced Energy to $1.84 from $1.75 and the FY20 view to $2.90 from $2.75.