Benchmark Maintains Buy on Axcelis Technologies, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Mark Miller maintains a Buy rating on Axcelis Technologies (ACLS) but lowers the price target from $180 to $170.

May 03, 2024 | 4:22 pm
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Benchmark analyst Mark Miller maintains a Buy rating on Axcelis Technologies but lowers the price target from $180 to $170.
The adjustment in price target by Benchmark reflects a nuanced view on Axcelis Technologies' valuation, suggesting a positive outlook albeit with a slightly reduced growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target alongside the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100