B. Riley Securities Maintains Buy on Axcelis Technologies, Lowers Price Target to $155
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 $165 to $155.

May 03, 2024 | 5:09 pm
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NEUTRAL IMPACT
Axcelis Technologies' Buy rating is maintained by B. Riley Securities, though the price target is reduced from $165 to $155.
The maintenance of a Buy rating suggests a positive outlook on Axcelis Technologies by B. Riley Securities, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to short-term uncertainty among investors, balancing the potential for both positive sentiment from the continued Buy rating and cautious sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100