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PRI Automation Falls on Downgrade


PRI Automation


was down 7.6% at midday after

Lehman Brothers

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cut it from outperform to buy and reduced its price target to 38 from 45. The company said last week that fourth-quarter results would be well below expectations. Lehman also cut another semiconductor equipment maker,



, to neutral from buy and halved its price target to 16 from 32. SpeedFam was off 4.5%.