9:20AM Cabot Micro (CCMP) WR Hambrecht downgrades Buy to HOLD. Target $42 to $41. Downgrade follows recent rally which has seen the stock soar from $31.55 the day before its FQ4 earnings release on Oct 27, a 29.3% gain in 21 days. This jump has pushed CCMP shares to firm's revised price target of $41 and given the chip industry's declining wafer starts this quarter, firm recommends that investors take profits at these levels.
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