Applied Materials (AMAT) PT Raised to $65 at Berenberg
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Price: $525.61 +0.67%
Rating Summary:
37 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
Rating Summary:
37 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 23 | New: 12
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Berenberg raised its price target on Applied Materials (NASDAQ: AMAT) to $65.00 (from $52.00) while maintaining a Buy rating.
Analyst Tammy Qiu is incrementally more positive on wafer fab equipment spending cycle and likes the strong fundamental read-through into 2018 and 2019. The analyst expects 2018 spending levels to remain robust even though the growth rate is likely to slow down from this year according to a morning research note.
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