Goldman Sachs Downgrades Applied Materials (AMAT) to Neutral
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Price: $507.18 -5.12%
Rating Summary:
37 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
37 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Applied Materials (NASDAQ: AMAT) from Buy to Neutral and cuts their price target from $16 to $14, suggesting 3% downside.
The firm expect Applied to be negatively impacted by their expectation for a 20%
year-over-year decline in 2012 capex as the world’s largest semi equipment company.
Goldman reduced CY11 and CY12 EPS estimates to $1.50/$1.00 from $1.65/$1.55.
For more ratings news on Applied Materials click here and for the rating history of Applied Materials click here.
Shares of Applied Materials closed at $14.50 yesterday.
The firm expect Applied to be negatively impacted by their expectation for a 20%
year-over-year decline in 2012 capex as the world’s largest semi equipment company.
Goldman reduced CY11 and CY12 EPS estimates to $1.50/$1.00 from $1.65/$1.55.
For more ratings news on Applied Materials click here and for the rating history of Applied Materials click here.
Shares of Applied Materials closed at $14.50 yesterday.
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