UPDATE: DA Davidson Reiterates its Buy Rating on LTX-Credence Corporation Citing Positive F3Q Outlook
In a report published Monday, DA Davidson reiterated its Buy rating on (NASDAQ: LTXC) with a $10.00 price target.
In the report, DA Davidson 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.
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Tags: D.A. Davidson & Co.