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Rubicon Tech (RBCN -8.6%) is downgraded to Hold from Buy at Kaufman with a reduced target price...
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Tuesday, January 24, 2012, 11:16 AM ETRubicon Tech (RBCN -8.6%) is downgraded to Hold from Buy at Kaufman with a reduced target price of $13 from $16, after shares have climbed 33% in three weeks. The firm had expected the downturn in sapphire wafer pricing and volumes to be relatively short lived, but given the slower-than-expected pickup in end-market demand, it now believes the downturn may be prolonged.
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