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Fly News Breaks for January 22, 2018
ORBK
Jan 22, 2018 | 08:49 EDT
Lake Street analyst Jaeson Schmidt raised his price target for Orbotech to $62 saying last week's preannouncement sets the stage for continued growth. Management noted new product introductions are driving stronger revenue momentum and visibility, Schmidt tells investors in a research note. He believes the company's success is broad-based with all three of its segments seeing "strong traction." The analyst sees the potential for "meaningful multiple expansion" and reiterates a Buy rating on the shares.
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