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UBS is reiterating a Buy on Photronics (PLAB -2.1%), which rose slightly yesterday after...

UBS is reiterating a Buy on Photronics (PLAB -2.1%), which rose slightly yesterday after delivering FQ4 results largely in-line with its November warning. The firm thinks Photronics is executing well in the market for photomasks used to make high-end chips, and expects the company to benefit from growing demand for high-end display photomasks (including ones used in AMOLED production).
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