Fly News Breaks for May 17, 2019
May 17, 2019 | 09:24 EDT
Cowen analyst Krish Sankar raised his price target on Applied Materials to $53 from $47 after the company reported in-line results for the April-end quarter and gave "better than feared" guidance for the July-end quarter, citing stable Semis demand and a healthy Services business. He noted that management's tone remained unchanged from a quarter ago, signaling no incremental signs of deterioration in conditions despite the fact that demand visibility remains limited. Sankar keeps an Outperform rating on Applied Materials shares.
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