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Fly News Breaks for April 27, 2015
AMAT
Apr 27, 2015 | 13:49 EDT
Piper Jaffray said Applied Materials has been largely operating as its own company during the process of trying to merge with Tokyo Electron and the firm believes the deal termination should have little impact on Applied's financials, while adding that its market share is the best in the industry and the firm expects that to be the case for the foreseeable future. Piper reiterates its Overweight rating and $25 price target on Applied Materials shares.
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