Electro Scientific Industries (ESIO) Tops Q3 EPS by 7c, Offers Q4 Guidance

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Needham & Company Upgrades Electro Scientific Industries (ESIO) to Buy

February 3, 2016 7:25 AM EST

Needham & Company upgraded Electro Scientific Industries (NASDAQ: ESIO) from Hold to Buy with a price target of $8.00 on strong orders, surprise Q3 profit and solid guidance.

Analyst James Ricchiuti commented, "We upgrade our rating on ESIO to Buy from Hold given our increased... More