UPDATE: Barclays Upgrades Applied Materials (AMAT) to Overweight; CEO Addition Is Likely Inflection Point
Get Alerts AMAT Hot Sheet
Price: $197.50 +0.73%
Rating Summary:
32 Buy, 10 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
32 Buy, 10 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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(Updated - June 20, 2012 1:17 PM EDT)
Barclays upgraded Applied Materials (NASDAQ: AMAT) from Equalweight to Overweight with a price target of $15.00.
Analyst, C.J. Muse, said, "We view Applied's appointment of Gary Dickerson, a strong industry CEO, as President as a very important inflection point for AMAT shares. While improvements may come slowly, we highlight Gary's key strengths - a strategic thinker, data driven, decisive - that should enable him to formulate a winning strategy and turn around the company."
Leaves FY12/13 EPS estimate at $0.95/$1.13
For an analyst ratings summary and ratings history on Applied Materials click here. For more ratings news on Applied Materials click here.
Shares of Applied Materials closed at $11.18 yesterday.
Barclays upgraded Applied Materials (NASDAQ: AMAT) from Equalweight to Overweight with a price target of $15.00.
Analyst, C.J. Muse, said, "We view Applied's appointment of Gary Dickerson, a strong industry CEO, as President as a very important inflection point for AMAT shares. While improvements may come slowly, we highlight Gary's key strengths - a strategic thinker, data driven, decisive - that should enable him to formulate a winning strategy and turn around the company."
Leaves FY12/13 EPS estimate at $0.95/$1.13
For an analyst ratings summary and ratings history on Applied Materials click here. For more ratings news on Applied Materials click here.
Shares of Applied Materials closed at $11.18 yesterday.
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