Citi Downgrades Applied Materials (AMAT) to Neutral

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Nomura Securities Upgrades Applied Materials (AMAT) to Buy

October 26, 2015 8:52 AM EDT

Nomura Securities upgraded Applied Materials (NASDAQ: AMAT) from Neutral to Buy with a price target of $22.00.

Analyst Romit Shah commented, "The biggest catalyst is M&A as Applied likely wont stand still in light of a more competitive Lam Research. While timing... More