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Fly News Breaks for December 18, 2015
AIXG
Dec 18, 2015 | 07:19 EDT
As previously reported, Morgan Stanley downgraded Aixtron to Equal Weight from Overweight. Analyst Andrew Humphrey said a large order by customer San'an for new generation LED tools raises questions on Aixtron's long-term positioning. Furthermore, global industry conditions remain weaker than anticipated and higher productivity of new tools could result in further demand declines in 2016, the analyst wrote. Humphrey lowered 2015 and 2016 estimates in line with guidance.
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