Wells Fargo Reiterates Overweight Rating on Applied Materials (AMAT) after new buyback plan & dividend hike
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Get Alerts AMAT Hot Sheet
Rating Summary:
37 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 15 | Down: 20 | New: 12
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Wells Fargo analyst Joe Quatrochi reiterated an Overweight rating and $135.00 price target on Applied Materials (NASDAQ: AMAT).
"We view AMAT's increased share repo and dividend announcement as highlighting the company's confidence in forward demand stability / FCF generation—consistent with its capital allocation plans targeting shareholder return of 80%-100% of FCF."
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 $115.84 yesterday.
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