Deutsche Bank Downgrades Aixtron (AIXG) to Hold
Tweet
Share
E-mailGet Alerts AIXG Hot Sheet
Price: $3.06 --0%
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 23 | New: 30
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 15 | Down: 23 | New: 30
Join SI Premium – FREE
Deutsche Bank downgraded Aixtron (NASDAQ: AIXG) from Buy to Hold. PT cut from E40 to E17.
Deutsche analyst says, "Our Q3 customer survey shows recent market volatility will likely have a more severe impact on capex plans in H2-11 and beyond, indicating downside risk to our previous bookings forecast of E200m/Q. In our base case we now expect an 11% guidance miss this year and a small revenue decline in 2012. In this scenario we think the shares fairly valued. However, further volatility, particularly in credit, would make a bear case of ~40% downside more likely. Hence, 2 years after our upgrade and after 9 quarters of growing orders, we downgrade to Hold."
For more ratings news on Aixtron click here and for the rating history of Aixtron click here.
Shares of Aixtron closed at $24.86 yesterday.
Deutsche analyst says, "Our Q3 customer survey shows recent market volatility will likely have a more severe impact on capex plans in H2-11 and beyond, indicating downside risk to our previous bookings forecast of E200m/Q. In our base case we now expect an 11% guidance miss this year and a small revenue decline in 2012. In this scenario we think the shares fairly valued. However, further volatility, particularly in credit, would make a bear case of ~40% downside more likely. Hence, 2 years after our upgrade and after 9 quarters of growing orders, we downgrade to Hold."
For more ratings news on Aixtron click here and for the rating history of Aixtron click here.
Shares of Aixtron closed at $24.86 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- DA Davidson Downgrades Regions Financial (RF) to Neutral on Potential Revenue Shortfall
- Deutsche Bank Resumes Nemetschek (NEM:GR) at Buy
- Morgan Stanley Downgrades Seven & i Holdings Co Ltd (3382:JP) (SVNDF) to Equalweight, Earnings US May Peak F2/27
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
