News Breaks |
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| February 21, 2013 |
| 09:00 EDT |  | RBCN | Rubicon falls 12.5%
Rubicon is down 12.5%, or 72c, to $5.05 |
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News For RBCN From The Last 14 Days Check below for free stories on RBCN the last two weeks. |
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| June 14, 2013 |
| 10:10 EDT |  | RBCN | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee. |
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| 06:29 EDT | | RBCN | Rubicon downgraded to Sell from Neutral at Goldman
Goldman's checks indicate Rubicon will likely lose additional 6-inch LED wafer share at its largest customer LG Innotek due to Asian competition and in-sourcing. The firm believes Rubicon will need to cut pricing to stay competitive and for ASPs to be cut by as much as 25%-30%. Price target is $6. |
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