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Fly News Breaks for May 3, 2016
AXTI
May 3, 2016 | 08:48 EDT
Craig-Hallum analyst Richard Shannon upgraded AXT, Inc to Buy and increased its price target to $4.25 from $2.75 following the Q1 upside driven by InP which continues to benefit from increasing demand from the optical communications market. The analyst expects the improvement to be sustainable for a reasonable investment horizon and sees visibility into growth and GM improvement.
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