BofA/Merrill Lynch Downgrades Applied Materials (AMAT) to Neutral

BofA/Merrill Lynch analyst Vivek Arya downgraded Applied Materials (NASDAQ: AMAT) from Buy to Neutral with a price target of $49.00.

The analyst steps to the sidelines after lowering WFE estimates.

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 $43.75 yesterday.

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