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Fly News Breaks for December 21, 2018
AMAT
Dec 21, 2018 | 09:06 EDT
Needham analyst N. Quinn Bolton started Applied Materials with a Buy rating and $45 price target, stating that he expects the company to be "a clear beneficiary" of the expected recovery in WFE capital spending in the second half of 2019 given its market leading position. He also sees Applied's balanced exposure between logic/foundry and memory making its semiconductor business less volatile than peers, added Bolton.