Photronics: AI-Driven Photomask Upside; Initiate Strong Buy

We initiate coverage on Photronics, Inc. (NASDAQ: PLAB ) at Strong Buy and $32 PT. Photronics, Inc. makes photomasks used in integrated circuits and flat panel display manufacturing in the US, Asia, and Europe. Our Strong Buy rating is based on our above consensusMoretus Research delivers state-of-the-art, buy-side quality equity research for serious investors seeking clarity, conviction, and alpha. Focused on U.S. public markets, Moretus applies a structured, repeatable framework to identify companies with ...