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Fly News Breaks for May 1, 2019
NANO
May 1, 2019 | 07:39 EDT
As previously reported, DA Davidson analyst Thomas Diffely upgraded Nanometrics to Buy and raised his price target to $40 from $32. The analyst believes that the company's performance is about to accelerate with a ramp coming in the 2nd half of the year thanks to its launch of a new flagship tool, exposure to leading industry customers, and "ramping adjacent markets." Diffely also reverses his prior stance on valuation for Nanomentrics from "stretched" to "attractive".
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