Goldman Sachs Neutral On Novellus Systems (NVLS)

Goldman Sachs has a Neutral rating on shares of Novellus Systems, Inc. NVLS. In a note to clients, Goldman writes, "We expect Novellus to report 1Q orders near the high end of guidance of flat to +10% qoq, consistent with Tokyo Electron's 22% order growth. We believe orders will be guided flat to up 10%, driven by logic and NAND." Shares of NVLS closed at $34.65 on Thursday.