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Fly News Breaks for December 12, 2019
PLAB
Dec 12, 2019 | 08:43 EDT
DA Davidson analyst Thomas Diffely raised his price target on Photronics to $18 and kept his Buy rating after its 9th consecutive quarter of sales growth. The analyst says the company is benefiting from the ramp of its new China operations and accelerating design activity. After two years of significant investments, Diffely adds that Photronics' balance sheet remains strong.
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