Stock Track | Camtek Plummets 5.23% Intraday Following Analyst Downgrade

Stock Track02-20

Camtek Ltd (CAMT) saw its stock price plummet 5.23% during intraday trading on Thursday, as the semiconductor equipment maker faced mixed analyst sentiment.

The decline came after Northland Capital downgraded Camtek's rating to Market Perform from Outperform, despite simultaneously raising its price target to $150. This rating cut appears to have outweighed positive actions from other firms, including Jefferies and Oppenheimer, which raised their price targets on the stock significantly.

While several analysts maintained bullish ratings and increased their target prices, the downgrade from Northland Capital introduced caution among investors, leading to the sharp price drop during the trading session.

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