Needham & Company LLC Trims Advanced Photonix (NYSEMKT:API) Target Price to $55.00

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Advanced Photonix (NYSEMKT:API) had its target price reduced by Needham & Company LLC from $60.00 to $55.00 in a research note issued to investors on Tuesday morning, The Fly reports. They currently have a buy rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. BofA Securities initiated coverage on shares of Advanced Photonix in a research note on Tuesday, July 21st. They set a buy rating and a $60.00 target price on the stock. Bank of America initiated coverage on shares of Advanced Photonix in a research note on Tuesday, July 21st. They set a buy rating and a $60.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of Advanced Photonix in a research note on Tuesday, July 21st. They set an equal weight rating and a $42.00 target price on the stock.

About Advanced Photonix

Advanced Photonix, Inc (API) is engaged in the development and manufacture of optoelectronic devices and sub-systems and systems. The Company serves a range of global original equipment manufacturers (OEMs) in a range of industries. API supports its customers from the initial concept and design phase of the product, through testing to full-scale production.

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