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Fly News Breaks for May 2, 2017
RTEC
May 2, 2017 | 07:33 EDT
Credit Suisse analyst Farhan Ahmad downgraded Rudolph Technologies to Underperform from Neutral, with a $23 price target, on valuation after the company reported Q1 Revenue/EPS above estimates, but midpoint of Q2 Revenue/EPS guidance missed expectations. The analyst notes that while OLED opportunity could be meaningful in long run, it could require significant investments before it becomes a sustainable business.
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