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Nova price target lowered to $123 from $1303 at Citi
The Fly

Nova price target lowered to $123 from $1303 at Citi

Citi analyst Atif Malik lowered the firm’s price target on Nova to $123 from $1303 and keeps a Buy rating on the shares post the September quarter results. The analyst views Nova as a beneficiary of rising 3D devices metrology capital intensity and expects the company’s sales to outperform the equipment markets over the next three years.

Published first on TheFly

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