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Fly News Breaks for May 3, 2017
NANO
May 3, 2017 | 09:02 EDT
After Nanometrics reported in-line revenue but its Q1 EPS and Q2 EPS guidance came in below expectations, DA Davidson analyst Thomas Diffely blames the miss on costs associated with the company's newer products. He notes that the company raised its 2017 revenue growth outlook to 18% from 13%. He raised his price target on the shares to $36 from $34 and keeps a Buy rating.
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