Advanced Energy (AEIS -4.7%) is downgraded to Underperform from Neutral at BAML following a...

|About: Advanced Energy Industries,... (AEIS)|By:, SA News Editor

Advanced Energy (AEIS -4.7%) is downgraded to Underperform from Neutral at BAML following a 33% YTD rally. While the firm continues to foresee improving semiconductor fundamentals and continued growth in inverters, the AEIS margin expansion story is well understood and fully reflected in the stock.