PRI Automation Falls on Downgrade - TheStreet

PRI Automation Falls on Downgrade

Author:
Publish date:

PRI Automation

(PRIA)

was down 7.6% at midday after

Lehman Brothers

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,

SpeedFam

(SFAM)

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