Oscar Gruss Initiates Coverage on Cymer (CYMI) with a Buy; Compelling Momentum Trade

July 28, 2009 12:52 PM EDT

Oscar Gruss initiates coverage on Cymer (Nasdaq: CYMI) with a Buy. Price target $50.

Oscar analyst says, "Given its success in the marketplace, Cymer has managed to grow its installed base by more than 50% in the past five years....Based on out expectations for a sustained recovery in the chip sector, we believe that CYMI represents an extremely compelling momentum trade."

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Cymer, Inc. engages in the development, manufacture, and marketing of excimer light sources for manufacturers of photolithography tools in the semiconductor equipment industry.


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