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Fly News Breaks for December 9, 2015
AXTI
Dec 9, 2015 | 06:53 EDT
B. Riley analyst Dave Kang upgraded AXT, Inc to Buy and increased its price target to $3.40 from $2.25 on shares. Kang expects InP to be the main growth driver while GaAs could rebound in the second half of 2016. Additionally, the analyst said InP demand remains strong and valuation is attractive.
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