Fly News Breaks for February 7, 2020
Feb 7, 2020 | 08:46 EDT
Benchmark analyst Mark Miller raised his price target on Axcelis shares to $32 from $24 after the company reported better than expected December quarter results and guided to higher sales in the March quarter. Sales to mature foundry customers are expected to stay strong which, along with the ramp of 5G smartphones with greater memory content, will drive growth in 2021, said Miller, who keeps a Buy rating on the stock.
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