Everlight chairman expect improvement in LED oversupply, Digitimes reports Everlight Chairman Robert Yeh says that oversupply in LED market is expected to improve in 2013, reports DigiTimes. Yeh cites demand for backlight and lighting products have shown growth for the year while price competition has been easing recently. Reference Link
News For CREE;AIXG;LEDS;VECO From The Last 14 Days
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Aixtron (AIXG) downgraded to Neutral from Overweight at JPMorgan... Cavium (CAVM) downgraded on checks at JMP Securities... Chico's (CHS) downgraded to Underperform from Peer Perform at Wolfe Research... Chipotle (CMG) downgraded on new E coli infections at Sterne Agee CRT... Constant Contact (CTCT) downgraded to Sell from Hold at Stifel... Fairchild (FCS) downgraded to Neutral from Positive at Susquehanna... Haemonetics (HAE) downgraded to Underperform from Market Perform at Raymond James... Jumei (JMEI) downgraded to Underperform from Buy at CLSA... Phillips 66 (PSX) downgraded to Sell from Neutral at Goldman... Power Integrations (POWI) downgraded to Neutral from Buy at Sidoti... Tata Motors (TTM) downgraded to Sell from Neutral at Goldman... Textura (TXTR) downgraded to Neutral from Outperform at Credit Suisse... TriVascular (TRIV) downgraded to Neutral from Buy at BTIG... Viacom (VIAB) downgraded to Hold from Buy at Deutsche Bank.
Aixtron downgraded to Neutral from Overweight at JPMorgan JPMorgan analyst Sandeep Deshpande downgraded Aixtron to Neutral saying the LED end demand environment remains weak. The analyst cut his price target for shares to EUR 8 from EUR 10.