Citi Reiterates Hold and PT of $40 on Novellus Systems

Citi reiterated its Hold rating on Novellus Systems NVLS. At the same time, the rating agency left its price target on the company's stock unchanged at $40. On Monday, NVLS lost 0.56% of its value to finish the day at $35.77. Its shares continued to slide in today's pre-market trading, falling 5% to $33.98.