Rubicon price target raised to $12 from $9.50 at UBS UBS raised Rubicon estimates following checks that indicate direct sales to China are up +30% quarter-over-quarter and pricing up 9%. The firm does not expect operating breakeven point until 2015 and maintains its Neutral rating.
News For RBCN From The Last 14 Days
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Rubicon price target cut to $10 from $17 at DA Davidson DA Davidson cut its price target on Rubicon after the company reported in-line results but provided Q2 guidance that the firm views as lackluster. The firm expects the company's business to eventually rebound and keeps a Buy rating.