Axcelis Has Limited Near-Term Upside Despite Merger Hopes: Analyst

Analysts are increasingly focused on the semiconductor industry’s evolving landscape, where strategic mergers and acquisitions are reshaping competitive dynamics.As companies seek to bolster their technological capabilities and market reach, investors are closely scrutinizing these moves for long-term growth potential.BofA Securities analyst Duksan Jan took a more cautious stance on Axcelis Technologies Inc. (NASDAQ:ACLS), cutting the rating to Underperform from Neutral and issuing a price forecast of $90, ...