B. Riley boosts its Axcelis target

|About: Axcelis Technologies, Inc. (ACLS)|By:, SA News Editor

B. Riley maintains a Buy rating on Axcelis Technologies (NASDAQ:ACLS) after earnings and raises the target from $28 to $30.

The firm cites gross margin performance that "appears robust" and was "pleasantly surprised" by the 2019 revenue forecast.

ACLS shares are down 2% to $21.81.

Previously: Axcelis Technologies beats by $0.05, beats on revenue (Feb. 6)

Previously: Axcelis Technologies beats by $0.05, beats on revenue (Feb. 6)

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