RBC Capital Securities raises Rubicon rating target price to $15

[High-tech LED News] On November 7, RBC Capital Securities upgraded the investment rating of Rubicon Technology, Inc., a supplier of LED upstream material sapphire substrate, from "neutral" to "buy" and set the target price at 15 dollars.

It is understood that Lazard Capital also upgraded Rubicon's investment rating from "neutral" to "buy." The broker pointed out that the average price of 2-4 inch wafers has bottomed out in Q4, and it is expected to reverse in the first half of 2012 as supply and demand tend to balance prices.

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