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Fly News Breaks for May 12, 2015
AMAT
May 12, 2015 | 05:59 EDT
Piper Jaffray views the recent pullback in shares of Applied Materials as an opportunity ahead of the company's earnings this week. Piper sees limited downside from current levels and believes the Applied's WFE outlook "will not deviate much from that of its peers." The firm reiterates an Overweight rating on the stock with a $25 price target.
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