Stifel Nicolaus Maintains Hold on Novellus Systems

Stifel Nicolaus is out with its report today on Novellus Systems NVLS, maintaining Hold. In its report, Stifel Nicolaus writes, "We believe the group is near a bottom, but we also believe near term, there are few catalysts to drive prices higher. Thus, we maintain our Hold rating on shares of Novellus at this time." Shares of NVLS closed Friday at $27.43.