ASM Intl: Goldman Downgrades Following Big Run - Eric Savitz (Barron's)

Sign Up | Log In | What is SocialPicks?

ASM Intl: Goldman Downgrades Following Big Run
May 06, 2009 05:30 PM UTC

Eric Savitz (Barron's)

Percentile Score: N/A

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
INTC	n/a
ASMI	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

ASM International (ASMI), which recently saw investments in its shares by Intel Capital (INTC) and Tokyo Electron, today was downgraded to Neutral from Buy by Goldman Sachs analyst Simon Schafer, although he raised his target on the stock to 12.50 Euros, from 11 Euros. (The stock closed yesterday at 10.80 Euros.) The downgrade is a valuation call, and follows a 57% rally in the stock since the stock was added to the Goldman Conviction Buy list on February 16.

In U.S. trading, ASMI today is down 94 cents, or 6.5%, to $13.44.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.