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Fly News Breaks for August 10, 2018
ASYS
Aug 10, 2018 | 13:28 EDT
Roth Capital analyst Philip Shen lowered his price target for Amtech Systems to $5.25 following the company's Q3 results. While the company delivered a Q3 beat on "strong" semiconductor revenues and better than expected margins, the outlook for solar deteriorated. Amtech announced restructuring of its solar business and now expects follow-on turnkey orders quarters out rather than months, Shen tells investors in a research note. The analyst reduced his estimates and keeps a Neutral rating on the shares.
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