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Fly News Breaks for May 20, 2016
AMAT
May 20, 2016 | 07:24 EDT
After Applied Materials reported stronger than expected Q2 results, Stifel says that the company's billings beat expectations, driven by strength in its semi cap and display businesses. The firm thinks that the strength of those businesses leaves the company well-positioned to beat its fiscal 2018 targets. Stifel is now more upbeat on the company's longer term outlook and keeps a Buy rating on the shares.
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