AXT INC (AXTI) Downgraded by Zacks to NEUTRAL

Zacks Zacks Investment Research downgraded shares of AXT INC (AXTI) from OUTPERFORM to NEUTRAL on October 01, 2014, with a target price of $3.00.

AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers.

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