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Fly News Breaks for November 16, 2018
AMAT
Nov 16, 2018 | 07:36 EDT
KeyBanc analyst Weston Twigg maintained an Overweight rating on Applied Materials and cut his price target to $56 from $71 following the company's in-line Q4 results and "soft" Q1 guidance. In a research note to investors, Twigg says the company noted that semiconductor demand hasn't changed materially since a quarter ago with the exception of new shipment restrictions to Fujian Jinhua, which is a good sign.
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