B. Riley Securities Maintains Buy on Axcelis Technologies, Lowers Price Target to $165-Report released on 8th February 2024
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis maintains a Buy rating on Axcelis Technologies (ACLS) but lowers the price target from $180 to $165 as of 8th February 2024.

February 09, 2024 | 4:05 pm
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NEUTRAL IMPACT
Axcelis Technologies' Buy rating is maintained by B. Riley Securities, but the price target is reduced from $180 to $165.
While the maintenance of a Buy rating indicates continued confidence in Axcelis Technologies' fundamentals and growth potential, the reduction in price target could reflect adjustments in market conditions or expectations. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market absorbs the new target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100