Stifel Nicolaus Initiates Ultratech At Buy

Analysts at Stifel Nicolaus initiated coverage on shares of Ultratech UTEK with a Buy rating. The target price for Ultratech is set to $25. Ultratech shares have dropped 19.67% over the past 52 weeks, while the S&P 500 index has surged 13.83% in the same period. Ultratech shares gained 1.18% to close at $19.73 yesterday.