Azenta Message Board - Msg: 19453098

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Technology Stocks : Azenta

AZTA 29.35

-0.7%

Nov 7 9:30 AM EST

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From: Ian@SI	10/31/2003 11:36:18 AM
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One gets the impression that BofA just might have missed this whole upcycle for the Semi Equipment sector. Notice that with this downgrade of BRKS, they're actually raising their price target for the stock by more than 50%! * 08:21 ET Brooks Automation cut to Sell at BofA (BRKS) 27.09: Banc of America downgrades to Sell from Neutral after the co reported in-line Q4 results but guided well below their Q1 ests; firm says the co continues to fall back on lower quality pro forma earnings, they do not think that the recovery underway will generate the levels of profitability necessary to support the stock, and they expect the automation space to remain one of the most competitive segments in all of semi-equipment manufacturing. Raises target to $15 from $9.50.

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