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Fly News Breaks for November 7, 2019
Nov 7, 2019 | 08:04 EDT
Needham analyst N. Quinn Bolton initiated coverage of Onto Innovation with a Buy rating and $47 price target. The analyst notes that this combined entity of Rudolph Technologies and Nanometrics is positioned for a "meaningful catch-up rally" after underperformance relative to its large-cap WFE and process control peers since the June 24 announcement of the merger amid improving conditions in the company's business over the past 90 days.
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