Needham analyst N. Quinn Bolton raised the firm’s price target on ACM Research to $18 from $15 and keeps a Buy rating on the shares. The analyst downgraded a handful of wafer processing stocks this morning but sees “considerably more potential upside over the next 12 months” in its Buy-rated names. For investors looking to add or maintain exposure to semiconductor capital equipment stocks in the near-term, they should buy ACM, the analyst tells investors in a research note.
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