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Fly News Breaks for April 28, 2015
AMAT
Apr 28, 2015 | 09:05 EDT
Nomura downgraded Applied Materials to Neutral following the collapse of the Tokyo Electron merger. The firm believes earnings power is now in the $1.50 range, down from $2.00 and sees increased execution risk associated with the deal falling through. Price target lowered to $22 from $30.
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