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Fly News Breaks for May 19, 2017
AMAT
May 19, 2017 | 08:36 EDT
Cowen analyst Timothy Arcuri raised his price target on Applied Materials to $50 from $45 following its "beat and raise" Q2 report. Arcuri believes the concerns about sustainability are overblown as there are multiple tech inflection in its backdrop. Arcuri reiterated his Outperform rating on Applied Materials shares.
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