Analyst Mentions Novellus (NVLS) Could Be An Attractive Takeover Target

March 27, 2009 12:56 PM EDT
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Price: $2.40 --0%

Rating Summary:
    1 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

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    Up: 8 | Down: 5 | New: 26
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In its upgrade of Novellus Systems, Inc. (Nasdaq: NVLS) today, from Underperform to Perform, Oppenheimer mentioned that the company could be an attractive takeover target.

The firm also cited and end of share loss, and benefit from DRAM industry adoption of copper.

Shares of Novellus Systems are up 3.9% today on the rating move.

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