Applied Materials price target raised to $53 from $44 at Craig-HallumCraig-Hallum analyst Christian Schwab noted that Applied Materials management raised their 2017 WFE spending expectations to be up 15% in 2017, adding that the company is now tracking towards the high end of its 2019 targets two years ahead of expectations. The company also said it is seeing continued strength in China and sees 3D NAND spending remaining strong for some time, noted Schwab, who raised his price target on Applied Materials to $53 and keeps a Buy rating on the shares. |