Onto Innovation price target lowered to $145 from $160 at B. Riley

B. Riley lowered the firm’s price target on Onto Innovation (ONTO) to $145 from $160 and keeps a Buy rating on the shares. The company’s Q2 reported was mixed versus consensus with higher sales and lower earnings due to below the line items, the analyst tells investors in a research note. Riley believes the shares are in “show me” territory and are attractive into a revenue re-acceleration in fiscal Q4.