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Fly News Breaks for May 6, 2015
AMAT
May 6, 2015 | 06:35 EDT
Citigroup says the risk/reward for shares of Applied Materials looks attractive at current levels, but admits the TEL merger termination "takes significant upside out of the stock." Citi lowered its price target for shares to $27 from $35. It sees higher capital returns and silicon share gains driving the stock higher and keeps a Buy rating on the name.
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