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Fly News Breaks for February 14, 2020
Feb 14, 2020 | 08:57 EDT
Lake Street analyst Jaeson Schmidt raised his price target for Nova Measuring Instruments to $46 from $40 and maintains a Buy rating on the shares. While the company's revenue and earnings guidance bracketed consensus, the midpoints of each range fell below estimates, Schmidt tells investors in a research note. However, the analyst believes the slight shortfall reflects management's conservatism to account for the ongoing coronavirus situation.
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