UPDATE - UBS Downgrades Applied Materials (AMAT) to Neutral

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UPDATE - UBS downgrades Applied Materials (Nasdaq: AMAT) from Buy to Neutral.

UBS analyst says moving to sidelines as we estimate semicap industry orders peak in 1Q11; Increased focus on semicap may take time to see more significant results.

Raising FY11 and FY12 EPS estimates to $1.35 and $1.08 compared to $1.25 and $1.17 previously.
To see all the upgrades/downgrades on shares of AMAT, visit our Analyst Ratings page.

Applied Materials, Inc. (Applied) provides Nanomanufacturing Technology solutions for the global semiconductor, flat panel display, solar and related industries, with a portfolio of equipment, service and software products.

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