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Fly News Breaks for July 11, 2017
AMAT
Jul 11, 2017 | 07:54 EDT
Credit Suisse analyst Farhan Ahmad walked away from a Technology briefing for sell-side investors at Applied Materials' headquarters with greater confidence on the near-term industry outlook, and in the company's ability to outgrow its market segments over the long-term. The analyst continues to believe that market is pricing Applied Materials' secular growth as cyclical, and sees potential for multiple and earnings upside. He reiterates an Outperform rating and $54 price target on the shares.
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