Information Provided By: 
Fly News Breaks for November 12, 2019
AMAT
Nov 12, 2019 | 05:55 EDT
Stifel analyst Patrick Ho raised his price target for Applied Materials to $67 from $57 and maintains a Buy rating on the shares ahead of the company's Q4 results. Large-cap names, like Applied Materials, deserve higher multiples, particularly when compared to other industrial names, Ho tells investors in a research note. The analyst expects a "more optimistic" tone on the company's earnings call, that sets up 2020 for an above-average growth year. Applied Materials remains Ho's top large cap name in his coverage universe.
News For AMAT From the Last 2 Days
AMAT
Apr 16, 2024 | 09:48 EDT
AMAT
Apr 15, 2024 | 16:33 EDT
Evercore ISI initiated coverage of Applied Materials with an Outperform rating and $260 price target. The analyst started coverage of the semicap equipment sector with a positive view on industry fundamentals. The firm thinks four secular drivers have transitioned the group from ex-growth to a high-single digit growth industry, and models wafer fab equipment spending of $220B in 2032, up from $100B levels recently. Evercore likes all the large cap stocks, but favor Applied Materials due to its strategic approach and attractive valuation.
