UPDATE: Canaccord Genuity Upgrades Rubicon Technology to Buy on Sapphire Demand Increase
March 25, 2013 at 09:40 AM EDT
In a report published Monday, Canaccord Genuity analyst Jonathan Dorsheimer upgraded the rating on Rubicon Technology (NASDAQ: RBCN ) from Hold to Buy, and raised the price target from $5.00 to $10.00. In the report, Dorsheimer noted, “We are upgrading the LED group following our recent supply chain tour of
