D.A. Davidson Reiterates Photronics Buy, $12 PT

D.A. Davidson reiterated its Photronics

Buy rating and $12 price target in a research report published today. In the report, D.A. Davidson stated, "PLAB reported F2Q (April) sales of $117.5 million and pro-forma EPS of $0.14, surpassing the Street consensus of $116.8 million and $0.12 per share, respectively. Continued strength in the higher margin advanced photomask business drove the upside in the quarter." Shares of Photronics closed today at $5.60. At current aftermarket levels, shares were trading up 3.93%, at $5.82, from today's market close.