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Fly News Breaks for May 15, 2015
AMAT
May 15, 2015 | 06:30 EDT
Piper Jaffray calls Applied Materials' overall outlook positive following the company's April quarter results. Piper believes Applied is well-positioned to capitalize on WFE growth trends and sees limited downside risk at current share levels. It views the recent pullback as providing an opportunity for "meaningful" upside and reiterates an Overweight rating on the name with a $25 price target.
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