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Fly News Breaks for January 4, 2017
AMAT
Jan 4, 2017 | 07:33 EDT
Stifel analyst Patrick Ho identified Applied Materials as his top large cap stock pick heading into 2017. He expects the company to benefit from strong spending on 3D NAND, foundries, and display. Ho predicts that the company will deliver "above-average growth" and says that the company's EPs could exceed $3 in "two-plus" years. The analyst keeps a $37 price target on the stock.
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