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Fly News Breaks for May 27, 2016
AMAT
May 27, 2016 | 07:49 EDT
Stifel raised its price target on Applied Materials after the company reported stronger than expected results. The firm thinks that the company's 2018 targets are conservative, and it keeps a Buy rating on the shares.
News For AMAT From the Last 2 Days
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.
