Fly News Breaks for February 14, 2020
Feb 14, 2020 | 05:54 EDT
Stifel analyst Patrick Ho raised his price target for Nova Measuring Instruments to $45 from $41 after the company reported Q4 earnings well above his estimates "as some pull-ins helped deliver a strong quarter." Although the March quarter guidance is down, the pull-ins to the December quarter and some caution due to the coronavirus situation "skews the outlook somewhat," Ho tells investors in a research note. He says his thesis "remains firmly intact" and that Nova is well positioned for another above-average growth year in 2020. Ho reiterates a Buy rating on the shares.
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