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Fly News Breaks for February 13, 2020
AMAT
Feb 13, 2020 | 07:46 EDT
RBC Capital analyst Mitch Steves raised his price target on Applied Materials to $75 and kept his Outperform rating after its "solid" Q1 results. The analyst notes that in spite of the $300M headwind from the coronavirus and widened Q2 guidance range, the management does not expect the overall 2020 to be impacted as shipments will likely be pushed out to the second half of the year.
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