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Nanometrics upgraded at JPMorgan

As noted earlier, JPMorgan upgraded Nanometrics to Overweight from Neutral, The firm upgraded the stock after it fell in response to the company's weaker than expected Q4 guidance, as JPMorgan expects spending by the company's key customers to be strong in 2013. The firm expects Q4 to represent a trough revenue quarter for Nanomtrics. Target to $16 from $14.50.