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May 15, 2009, 12:20 pm
Brooks Automation: Barclays Backs Off Bearish Stance Posted by Eric Savitz Brooks Automation (BRKS) is trading higher this morning after Barclays Capital analyst C.J. Muse upped his rating on the semiconductor equipment company to Equal Weight from Underweight. He maintains his $5 price target; the stock closed yesterday at $4.67. Muse write that the stock now reflects his concerns about weak demand and Brooks not being aggressive enough on cost cutting. Much of the bad news is now baked into the stock, he contends. Sentiment : Buy Rating :
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