Camtek upgraded to Buy from Neutral at BofA

BofA analyst Vivek Arya upgraded Camtek to Buy from Neutral with a price target of $50, up from $30. The analyst cites the company’s momentum in artificial intelligence packaging tools for the upgrade. Camtek is a semiconductor manufacturing equipment supplier highly exposed to some of the fastest growing end markets in the space, including advanced packaging and compound semis, the analyst tells investors in a research note. Given the company’s increased exposure to growth markets, the firm sees potential for a multiple re-rating toward its larger front-end peers.