Novellus (NVLS) Shares Spike Higher as DA Davidson Upgrades to Buy
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Shares of Novellus (Nasdaq: NVLS) jumped mid-day today following an analyst upgrade to Buy earlier. The stock traded in negative territory prior to the rating change, but jumped more than a percent as the news hit wires and is now trading at $20.99, up 0.5% from yesterday's close.
D.A. Davidson lifted its investment rating on Novellus shares from Neutral to Buy, but maintained a $25 price target.
Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of Novellus.
Novellus Systems, Inc. develops, manufactures, sells, and supports equipment used in the fabrication of integrated circuits or semiconductors.
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