Goldman Sachs Added Novellus Systems (NVLS) to their Conviction Sell List

Goldman Sachs added Novellus Systems (Nasdaq: NVLS) to their Conviction Sell List. The firm expects the stock to underperform the group, citing valuation versus peers and said an acquisition of the company by Tokyo Electron is unlikely.

Novellus Systems, Inc. develops, manufactures, sells, and supports equipment used in the fabrication of integrated circuits or semiconductors. It operates in two groups, Semiconductor Group and Industrial Applications Group.

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