Information Provided By:
Fly News Breaks for February 19, 2020
AEIS
Feb 19, 2020 | 07:49 EDT
Citi analyst Amanda Scarnati raised the firm's price target on Advanced Energy Services to $87 from $78 and keeps a Buy rating on the shares. The company reported a "solid" beat in the December quarter and guided for solid demand in the March quarter led by semis and data centers, Scarnati tells investors in a research note. However, management noted that they expect to under ship demand with the revenue guidance assuming a $30M negative impact from coronavirus, bringing the guide in line with Street expectations, the analyst adds. Scarnati expects Advanced Energy's data center and semiconductor business to see solid growth in 2020 and looks at any near term share weakness as an opportunity.
News For AEIS From the Last 2 Days
There are no results for your query AEIS