Soleil Securities Initiates Coverage on Applied Materials (AMAT) with a Buy
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Soleil Securities initiates coverage on Applied Materials (Nasdaq: AMAT) with a Buy. Price target $20.50.
Soleil analyst says, "Initiate coverage with a Buy. Not only the world's largest but the only major equipment vendor running on three global growth engines: semiconductors, flat panel displays, and solar power generation. We expect an upside to current consensus expectations in both the October '08 and January '09 quarters, driven by both a recovery in its Silicon business and continuing momentum in Solar applications."
Applied Materials, Inc. (Applied)provide Nanomanufacturing Technology solutions for the semiconductor, flat panel display, solar and related industries, with a portfolio of equipment, service and software products.
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