Information Provided By: 
Fly News Breaks for August 12, 2015
AMAT
Aug 12, 2015 | 07:37 EDT
BofA/Merrill expects Applied Materials to report in-line July results and modest growth in the October quarter, and provide gross margin commentary forecasting pressure for a few quarters due to customer and product mix. The firm's CY15/16 estimates are above consensus given room for improved operational efficiency and views valuation as attractive with strong buyback activity. BofA/Merrill rates Applied Materials a Buy with a $26 price target.
News For AMAT From the Last 2 Days
AMAT
Apr 16, 2024 | 09:48 EDT
AMAT
Apr 15, 2024 | 16:33 EDT
Evercore ISI initiated coverage of Applied Materials with an Outperform rating and $260 price target. The analyst started coverage of the semicap equipment sector with a positive view on industry fundamentals. The firm thinks four secular drivers have transitioned the group from ex-growth to a high-single digit growth industry, and models wafer fab equipment spending of $220B in 2032, up from $100B levels recently. Evercore likes all the large cap stocks, but favor Applied Materials due to its strategic approach and attractive valuation.
