D,
UTEK slipped back toward puberty today, but at least she's still a teenager.
Meanwhile, this teenager rated "Attractive" with a $20 price target at Bear Stearns:
exchange2000.com
Bear Stearns Starts 19 Chip Equip Cos
Dow Jones Newswires
NEW YORK -- Bear Stearns & Co. initiated coverage of 19 chip equipment
companies Tuesday as part of its expanded semiconductor research group.
Robert Maire, a former analyst at Donaldson Lufkin & Jenrette Securities Corp.,started nine of the stocks with buy ratings.
They are: Advanced Energy Industries Inc. (AEIS) with a 12-month price target of $50;Applied Materials Inc. (AMAT), with a $95 price target; Credence Systems Corp. (CMOS), with a $50 target; Dupont Photomasks Inc. (DPMI), with a $60 price target; KLA-Tencor Corp. (KLAC), with an $80 price target; Lam Research Corp.(LRCX), with an $80 price target; MKS Instruments Inc. (MKSI), with a $27 price target; Mattson Technology Inc. (MTSN), with an $18 price target; and Varian Semiconductor Equipment Associates Inc. (VSEA), with a $30 price target.
Maire started eight stocks with an attractive rating: ASM Lithography Holding NV(ASML), with a $75 price target; Asyst Technologies Inc. (ASYT), with a $35 price target; Cymer Inc. (CYMI), with a $40 price target; Novellus Systems Inc. (NVLS), with a $75 price target; PRI Automation Inc. (PRIA), with a $40 price target; Teradyne Inc. (TER), with an $85 price target; Veeco Instruments Inc. (VECO), with a $40 price target; and Ultratech Stepper Inc. (UTEK), with a $20 price target.
Maire started two stocks with a neutral rating: Be Semiconductor Industries N.V.(BESI) and Silicon Valley Group Inc. (SVGI).
Bear Stearns also recently hired Charles Boucher from DLJ to cover semiconductor manufacturers. He is expected to initiate coverage soon. |
