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Nova price target lowered to $280 from $290 at Citi

Citi lowered the firm’s price target on Nova (NVMI) to $280 from $290 and keeps a Buy rating on the shares. The shares traded down after the company reported its March quarter above the midpoint of guidance and guided the June quarter in line with Street, the analyst tells investors in a research note. The firm says that while full year visibility is limited, China revenue is expected to be flat to slightly down in 2025.

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