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Fly News Breaks for February 13, 2020
AMAT
Feb 13, 2020 | 09:23 EDT
B. Riley FBR analyst Craig Ellis raised his price target for Applied Materials to $74 from $71 citing the company's "strong execution" in Q1 and "upbeat" 2020 outlook. Share catalysts include a memory upturn, Services re-acceleration, and a smartphone rebound within Display, Ellis tells investors in a post-earnings research note. He reiterates a Buy rating on Applied Materials.
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