Rudolph Technologies (RTEC) Estimates, PT Raised at Credit Suisse

Credit Suisse analyst Farhan Ahmad bumped his price target on Rudolph Technologies (NYSE: RTEC) to $12.50 (from $11.00) following "solid" but stopped short of upgrading the stock and maintained a Neutral rating.

Ahmad said, "While the company is benefiting from growth in advanced packaging, and is executing well towards growing the litho, we remain Neutral at current valuations."

The firm raised rev/EPS for CY15 and CY16, from $199mn/$0.53 to $210m/$0.63, and from $220m/$0.74 to $232m/$0.84.

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

Shares of Rudolph Technologies closed at $12.05 yesterday.

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