Orbotech Ltd (ORBK) Tops Q1 EPS by 5c; CFO Abramovitch Resigns

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Orbotech (ORBK) PT Raised to $24 at Oppenheimer on Strong Start for 2015

May 1, 2015 8:16 AM EDT

Oppenheimer analyst Andrew Uerkwitz reiterate an Outperform rating and boosted his price target on Orbotech Ltd. (NASDAQ: ORBK) to $24.00 (from $21.00) following strong Q1 results.

Uerkwitz commented, "ORBK reported 1Q15 revenues/EPS of $185.8M/$0.48, beating consensus estimates of $181.2M/$0.43 and our $181.2M/$0.45.... More