Canaccord Genuity Aggressively Upgrades LED Stocks for Huge Upside

Energy

Published: March 25, 2013 8:20 am

Last Updated: March 25, 2013 8:21 am

Canaccord Genuity raised LED stocks in part of valuation and in part on the growth prospects ahead. We already have seen some serious bounces from the leader here, but the calls are not just optimistic. They now are at the top end of Wall St.’s analysts.

Veeco Instruments Inc. (NASDAQ: VECO) is surging this morning, with gains of close to 6% to $37.00, as Canaccord raised its rating to Buy. That was all the way up from Sell. The price target moved up to $48 from $25, making it at the street high now. The LED leader is increasingly coming back into favor. Just be advised that this already has recovered off the lows, as the price compares to a 52-week range of $26.15 to $38.39.

Rubicon Technology Inc. (NASDAQ: RBCN) was raised to Buy from Hold, and the price target was doubled from $5 to $10 for the stock. At $5.95, that is about an 80% implied upside, and it tops the price street-high call of $9.50. Its 52-week range is $4.83 to $11.59.

Shares, or ADRs, of Aixtron SE (NASDAQ: AIXG) were raised to Hold from Sell. At $13.65, the 52-week range is $11.21 to $19.16.

It’s Your Money, Your Future—Own It (sponsor)

Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.

If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.