UPDATE: Oppenheimer Downgrades Rubicon Technology on Multiple Risk Factors
October 01, 2013 at 11:14 AM EDT
In a report published Tuesday, Oppenheimer analyst Andrew Uerkwitz downgraded the rating on Rubicon Technology (NASDAQ: RBCN ) from Perform to Underperform, but named a $9.00 price target. In the report, Oppenheimer noted, “We are downgrading Rubicon to Underperform from Perform, as we believe the supply/demand dynamics are misunderstood and