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Fly News Breaks for November 15, 2019
AMAT
Nov 15, 2019 | 09:01 EDT
Craig-Hallum analyst Christian Schwab raised his price target for Applied Materials to $70 from $58 and reiterated a Buy rating following the company's better-than-expected results, guidance and commentary. In a research note to investors, Schwab says that the company sees a continued strong foundry and logic spending environment and an improvement in memory spending to be a "when" not "if" event and led first by expanding NAND spending.
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