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

27% profit every 20 days?

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In a report published Wednesday, Stifel analyst Patrick Ho downgraded the rating on

27% profit every 20 days?

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Nanometrics

(NASDAQ: NANO) 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.