JPMorgan Downgrades Novellus (NVLS) to Neutral, Raises Price Target

December 20, 2011 7:55 AM EST
Get Alerts NVLS Hot Sheet
Price: $2.40 --0%

Rating Summary:
    1 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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JPMorgan downgraded shares of Novellus (NASDAQ: NVLS) to a Neutral rating from its previous rating of Overweight. The firm also raised its price target from $45 to $67.50 on the company.

For an analyst ratings summary and ratings history on Novellus click here. For more ratings news on Novellus click here.

Shares of Novellus closed at $38.88 yesterday.


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