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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (28245)1/26/2006 12:41:03 PM
From: sixty2nds  Read Replies (2) | Respond to of 95640
 
08:16 NVLS Novellus upgraded to Buy at Soleil; tgt $35 (27.67 )

Soleil upgrades NVLS to Buy from Hold with a $35 tgt, and raise their estimates as they believe that Novellus' margins are finally on the mend. They believe the Street will take a wait-and-see approach to the margin ramp which they view as the next potential positive catalyst for the stock. They believe the stock has upside to their new target of $35 if gross margins can break through 50% this year.