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Fly News Breaks for November 15, 2019
AMAT
Nov 15, 2019 | 07:31 EDT
RBC Capital analyst Mitch Steves raised his price target on Applied Materials to $67 and kept his Outperform rating after its "solid beat and raise" results driven by better than expected Semiconductor and System sales. The analyst notes that the semiconductor equipment industry is at the start of a recovery period with expected sequential increase in Semiconductor Systems group sales at 21% and upside seen in the Logic/Foundry sector.
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