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Fly News Breaks for August 18, 2017
AMAT
Aug 18, 2017 | 07:32 EDT
Credit Suisse analyst Farhan Ahmad raised his price target for Applied Materials to $62 saying the company beat Street estimates for Q4 and guided to above estimates. The company is showing more consistent growth, delivering margin expansion, and reducing share count, Ahmad tells investors in a post-earnings research note. He expects the stock's valuation multiples to expand as "investors start to realize the consistency of growth." The analyst keeps an Outperform rating on Applied Materials.
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