UPDATE: Goldman Sachs Downgrades Rubicon Technology to Sell on Multiple Risk Factors
June 14, 2013 at 09:02 AM EDT
In a report published Friday, Goldman Sachs analyst Brian Lee downgraded the rating on Rubicon Technology (NASDAQ: RBCN ) from Neutral to Sell, but reiterated the $6.00 price target. In the report, Goldman Sachs noted, “While Rubicon has lagged peers YTD, shares have rallied in the past month (+20% vs.