UPDATE: D.A. Davidson & Co. Reiterates its Buy Rating on LTX-Credence Corporation Citing Positive F3Q Outlook

In a report published Monday, D.A Davidson & Co. reiterates its Buy rating on

with a $10.00 price target. D.A Davidson & Co. wrote, “We expect LTXC's F3Q (Apr) outlook to call for revenue of $45 million and pro-forma EPS $0.06, above the Street mean of $44 million and $0.03, respectively. Order activity across the semiconductor industry has started to recover in recent weeks and the company's F3Q outlook should reflect this positive trend.” LTX-Credence Corporation closed at $6.55 on Friday.