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Fly News Breaks for May 15, 2015
AMAT
May 15, 2015 | 08:33 EDT
After Applied Materials reported stronger than expected Q2 results and guidance, Pacific Crest expects the company to issue more aggressive long-term guidance at its analyst event in July. The firm expects the company to outgrow industry demand, and it recommends buying the stock ahead of the launch of the company's $3B share buyback program next week. Pacific Crest keeps a $27 price target and Overweight rating on the shares.
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