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Fly News Breaks for October 4, 2016
PLAB
Oct 4, 2016 | 08:18 EDT
Following meetings with Photronics CEO Peter Kirlin, SunTrust analyst William Stein said that while near-term results remain difficult to forecast due to its very short leadtimes, he believes the company's long-term upside drivers, such as better positioning in AMOLED FPD and potential industry consolidation, have become "clearer and bigger." Stein keeps a Buy rating on Photronics and increased his price target on the stock to $12 from $11.
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