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Fly News Breaks for August 16, 2019
AMAT
Aug 16, 2019 | 07:37 EDT
Deutsche Bank analyst Sidney Ho raised his price target for Applied Materials to $47 from $44 saying the company last night reported "solid" fiscal Q3 results with few surprises. The analyst, however, is surprised by the magnitude of the miss in Applied Materials' installed base business despite management's explanation that the transactional side of business has slowed down. He believes the stock is fairly valued and keeps a Hold rating on the name.
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