UPDATE: Jefferies Assumes Applied Materials (AMAT) at Buy

(Updated - January 5, 2022 5:56 AM EST)

Jefferies analyst Mark Lipacis assumes coverage on Applied Materials (NASDAQ: AMAT) with a Buy rating and a price target of $197.00.

The analyst comments "Deposition leader at 43% share accounting for 50% of total revenues, and largest of the three large-cap US-based SCE companies. We forecast AMAT to post the highest FCF/shr growth amongst the three in 2022 at 34%."

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 $158.36 yesterday.

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