Photronics, Inc. (PLAB) Tops Q3 EPS by 2c

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Needham & Company Upgrades Photronics (PLAB) to Buy

August 21, 2014 7:12 AM EDT

Needham & Company upgraded Photronics (NASDAQ: PLAB) from Hold to Buy with a price target of $11.00 following a good F3Q14 (Jul) report with sequentially higher guidance.

Analyst Y. Edwin Mok said, "With integration of the Taiwan JV PDMC ahead of plans, we believe... More