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Fly News Breaks for April 28, 2015
TOELY, AMAT
Apr 28, 2015 | 08:11 EDT
After Applied Materials (AMAT) terminated its merger with Tokyo Electron (TOELY), Pacific Crest is confident in Applied Material's outlook. The firm expects the stock to be boosted by market expansion, improved margin performance, cash generation and share buybacks, and a top-tier management team. It trimmed its price target to $27 from $29.
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