Information Provided By:
Fly News Breaks for November 16, 2018
AMAT
Nov 16, 2018 | 07:56 EDT
DA Davidson analyst Thomas Diffely lowered his price target on Applied Materials to $55, saying that with all "major equipment players" reporting Q3 results, he sees the industry outlook as "soft" in the near-term, flat to modestly growing in the first half of 2019, and stronger in the second half of 2019 from memory-driven growth. The analyst keeps his Buy rating on Applied Materials longer term based on his view that "current spending levels still exceed previous cycle peaks" and that the long-term demand drivers around "high performance computing, AI, big data, etc. remain firmly in place". Diffely expects Applied Material to benefit from these trends for several years and retains his bullish stance on its "attractive risk-reward profile".
News For AMAT From the Last 2 Days
There are no results for your query AMAT