Mattson Technology Retains “Hold” Rating (MTSN)

Mattson Technology MTSN stock is showing signs of near-term consolidation, while maintaining a longer-term positive bias. In its report, Deutsche Bank DB stated that Mattson Technology (MTSN) is expected to perform well on the strength of NAND flash adoption and robust demand. However, the company is likely to have flattish revenue in Q3, followed by improved numbers in Q4. Mattson is currently striving to expand into newer markets. Deutsche Bank (DB) has given a “Hold” rating on the stock. The price target for the stock has been set at $3. The company may face threats in the form of potential pricing pressure and delayed adoption of new products. Increased competition and general economic risks are also likely to have a negative impact on the company’s performance.