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Fly News Breaks for November 13, 2019
AEIS
Nov 13, 2019 | 08:18 EDT
DA Davidson analyst Thomas Diffely raised his price target on Advanced Energy to $80 and kept his Buy rating after its "solid" beat and raise quarter, saying the company is emerging from its downturn with organic revenue growth exceeding expectations and its Artesyn acquisition being "off to a good start". The analyst notes that the company is benefiting from the strength of the Logic/Foundry spend along with the early signs of a memory recovery.
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