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Fly News Breaks for May 17, 2019
AMAT
May 17, 2019 | 09:05 EDT
Craig-Hallum analyst Christian Schwab raised his price target for Applied Materials to $50 from $44 and maintained a Buy rating following the company's Q3 results, saying the company outlined an expected return to growth in 2020. Schwab tells investors in a research note that while specific timing and magnitude of a recovery still lacks visibility, he is encouraged that estimate cuts appear to be over.
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