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Fly News Breaks for November 12, 2019
AMAT
Nov 12, 2019 | 07:29 EDT
Cowen analyst Krish Sankar raised his price target on Applied Materials to $65 from $55 ahead of earnings on Thursday. The analyst noted the stock's upward move since its last earnings report citing the strength in foundry/logic capital spending, along with positive results and commentary from customers and peers. He said he remains bullish on the name and called its his top semi-cap pick. Sankar reiterated his Outperform rating on Applied Materials shares.
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