Novellus Message Board - Msg: 19256265

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proud_Infidel who wrote (3467)	8/29/2003 9:32:50 AM
From: Proud_Infidel	Read Replies (1) of 3813

09:07 ET NVLS: No surprises on call, reit Buy -- Fulcrum : According to Fulcrum, co's mid-qtr update appears to have been in line with consensus expectations in every metric. Nevertheless, firm believes that mgmt's conservative tone during the call as well as its expressed expectations for a "muted recovery" could weigh on NVLS and other equipment stocks. Given firm's longer-term outlook for the group, Fulcrum reiterates its Buy rating on NVLS despite possible profit taking in NVLS and others in the space. Firm sees downside risk in NVLS in the $36-$37 range and would recommend aggressive buying in the stock price should it reach these levels. Fulcrum is raising its long-term, 12-month tgt from $40 to $50, which represents a P/E multiple of 31x estimated EPS for the 12-month period ending June 2005

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next