UPDATE: Stifel Downgrades Nanometrics to Hold, Removes PT on Valuation

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In a report published Wednesday, Stifel analyst Patrick Ho downgraded the rating on
NanometricsNANO
from Buy to Hold, and removed the $18.00 price target. In the report, Stifel noted, “We are downgrading shares of Nanometrics from a Buy to a Hold rating based on valuation, as the stock has reached our previous target price. Although our fundamental story remains strongly intact, we believe the stock is likely to be stuck within a narrow range over the next few quarters until a new catalyst emerges.” Nanometrics closed on Tuesday at $18.74.
Posted In: Analyst ColorDowngradesAnalyst RatingsInformation TechnologyPatrick HoSemiconductor EquipmentStifel
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