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Fly News Breaks for October 11, 2017
IVAC
Oct 11, 2017 | 09:09 EDT
Maxim analyst Nehal Chokshi lowered his price target on Intevac to $13 and kept his Buy rating. Chokshi says that while the latest management comments support his confidence in adoption of Intevac's anti-scratch coating from a top 5 smartphone OEM, he now sees a higher probability that an inflection of orders will be pushed back to CY19 from CY18, reducing his CY18 EPS estimate to 45c from $1.08.
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