2020-11-17 09:00:03 AXTI AXT Inc.
11/17/20 11/1709:00 11/17/2009:00 | AXT Inc. price target raised to $14 from $10 at BWS FinancialBWS Financial analyst Hamed Khorsand raised the firm's price target on AXT Inc. to $14 from $10 and keeps a Buy rating on the shares. AXT has set the groundwork to list its Chinese operations on the Shanghai STAR exchange with new capital that values the company "materially higher" than its current market capitalization, Khorsand tells investors in a research note. The analyst believes a major customer win could be forthcoming with the cash AXT has raised "giving investors more reasons in owning" the stock. |
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