By: Benzinga
UPDATE: Bank of America Downgrades Advanced Energy Industries to Underperform Following Strong Rally
In a report published Thursday, Bank of America analyst Krish Sankar downgraded the rating on Advanced Energy Industries (NASDAQ: AEIS ) from Buy to Underperform, but reiterated the $18.50 price target. In the report, Sankar noted, “We are downgrading AEIS from a Buy to Underperform rating. Following a strong rally
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