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Fly News Breaks for July 9, 2018
AEIS
Jul 9, 2018 | 09:23 EDT
Susquehanna analyst Mehdi Hosseini reduced Neutral rated Applied Energy estimates and lowered its price target to $658 from $80 to reflect a slowdown in memory spending. Hosseini said WFE spend in 2018 is now more weighted towards 1H, with a run-rate above $50B, and now assumes a decline in 2H 2018 below $50B, and expects it to remain below $50B in 1H 2019 before a rebound in 2H 2019.
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