Nova is trading 4.29% down at $361.56 after Citi downgraded it from Buy to Neutral and cut its price target from $550 to $415, a company-specific analyst catalyst reported on October 8.
- A Zacks Research downgrade in the prior session added to pressure.
- Rising Treasury yields and oil prices, alongside weakness across semiconductor stocks, provided broader headwinds. The overall market was also softer, but its declines were smaller than Nova’s.