J.P. Morgan Reiterates Overweight On Rubicon Technology (RBCN)

J.P. Morgan is out with its report on Rubicon Technology RBCN, reiterating its Overweight rating.

"We believe RBCN is likely to be the top performing stock in our coverage universe in the very near term," , J.P. Morgan writes. "The combination of continued strong product pricing and a swing in LED sentiment to the positive are likely to be catalysts that drive out many short interest holders in a relatively short time frame, thus supporting our view that RBCN could significantly outperform our coverage universe in the near term."

J.P. Morgan maintains its $36.00 PT.

Shares on RBCN closed Monday at $23.20.