Morgan Stanley Downgrades Camtek, Says Optimism Is “Fully Priced In”
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Morgan Stanley downgraded Camtek Ltd. (CAMT) on Monday, Nov. 2, saying optimism was “fully priced in” while stating the company could move closer to its midterm financial model by 2029. Camtek’s targets for calendar 2029 are $1.2 billion in revenue and $7.80 in earnings per share. Morgan Stanley’s estimates for the same year are $1.06 billion in revenue and $7.25 per share. The bank’s estimates are $140 million below Camtek’s revenue target and 55 cents below its earnings-per-share target. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
