ACMR: Morgan Stanley Raises Target
Morgan Stanley raises ACM Research price target to $130 from $90, citing China memory upside and backend optionality
ACMR Morgan Stanley analyst Charlie Chan raised the firm's price target on ACM Research to $130 from $90 and keeps an Overweight rating on the shares.
In a research note titled 'Backend optionality adds to China memory upside', the firm cited "China memory upside, ECP adoption in advanced packaging, and non-mainland backend optionality" for its raised target price.