Axcelis price target lowered to $100 from $125 at DA Davidson

DA Davidson analyst Thomas Diffely lowered the firm’s price target on Axcelis (ACLS) to $100 from $125 and keeps a Buy rating on the shares. The company’s Q1 outlook fell well below Street expectations and is putting meaningful pressure on the stock, the analyst tells investors in a research note, adding that industry digestion across the company’s all important mainstream markets looks to keep activity fairly muted for the next few quarters