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Fly News Breaks for May 18, 2017
PLAB
May 18, 2017 | 07:03 EDT
After Photronics reported lower than expected EPS, DA Davidson analyst Thomas Diffely expects the company to generate "meaningful growth" going forward, driven by strengthening AMOLED and memory demand. The analyst also expects the company to be helped by its new joint venture in China. He keeps a $15 price target and a Buy rating on the shares.
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