Photronics, Inc. (PLAB) Tops Q3 EPS by 6c

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Go back to Photronics, Inc. (PLAB) Tops Q3 EPS by 6c

UBS Raises Price Target on Photronics, Inc. (PLAB) Following 6c EPS Beat

August 20, 2015 10:39 AM EDT

UBS reiterated a Buy rating on Photronics (NASDAQ: PLAB), and raised the price target to $11.50 (from $11.00), following the company's 3Q15 earnings results. PLAB reported revenue of $131.7m compared to consensus' $130.4m. EPS of $0.17 beat consensus estimates of $0.11. Analyst Stephen Chin said that the balance sheet is healthy with $57m in net cash, and expects this to improve with receipt of ~$93m on... More