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Fly News Breaks for May 20, 2016
AMAT
May 20, 2016 | 09:18 EDT
Needham analyst Y. Edwin Mok believes Applied Materials' growth strategy is "bearing fruit" as sustainable industry growth combined with the company's market share gains in multiple areas should support further revenue growth over the next 2-3 years. The analyst reiterates a Buy rating on the stock and raised his price target on the shares to $26 from $22.
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