Canaccord reiterates its bearish view on the LED equipment sector, chopping its rating on...

|By:, SA News Editor

Canaccord reiterates its bearish view on the LED equipment sector, chopping its rating on Aixtron (AIXG +1.7%) to Sell from Hold and repeating a Sell on Veeco (VECO +0.1%). The firm says recent strength in the sector reflects “restocking and double ordering,” and that “expectations are not aligned with fundamentals - again," differing from recent upbeat outlooks (I, II).