Susquehanna is upgrading chip equipment makers NVLS, LRCX, ASML, and KLAC. The firm notes shares are trading at cyclically low valuations, and expects equipment orders to pick up in mid-2012, after chip manufacturing utilization rates bottom out in the spring. Goldman expressed a more bearish view last week.
Susquehanna is upgrading chip equipment makers NVLS, LRCX, ASML, and KLAC. The firm notes shares...
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