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Fly News Breaks for November 16, 2018
AMAT
Nov 16, 2018 | 08:38 EDT
Craig-Hallum analyst Christian Schwab maintained a Buy rating on Applied Materials but lowered his price target to $44 from $65 following Q4 results and a disappointing guide with continued near term challenges, particularly in spending from memory customers. Schwab tells investors in a research note that management would not call Q1 the bottom of the current cycle, and thus believes the timing and magnitude of a recovery lack some clarity.
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