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Fly News Breaks for June 29, 2017
FORM
Jun 29, 2017 | 09:00 EDT
Needham analyst Y. Edwin Mok noted that FormFactor provided a new target model with revenue of $650M and EPS of $1.50 in the 2019/20 timeframe and he believes the company will be able to deliver solid earnings growth even with its increased R&D expenses. The analyst, who sees the stock's recent selloff as a buying opportunity, keeps a Buy rating and $16 price target on FormFactor shares.
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