Applied Materials (NASDAQ: AMAT) November 30.50 straddle priced for movement of 6% into Q3
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Susquehanna Raises Price Target on Applied Materials (AMAT) Following 4Q
November 18, 2016 8:01 AM ESTSusquehanna reiterated a Neutral rating on Applied Materials (NASDAQ: AMAT), and raised the price target to $27.00 (from $25.00), following the company's 4Q earnings report. AMAT reported revenues of $3.3B, in line with the consensus of $3.3B. Non-GAAP EPS of $0.66 was a penny above consensus of $0.65. AMAT guided Jan-Q revenue of $3.20B - $3.34B above prior consensus of $3.14B. 1Q Non-GAAP EPS guidance of $0.62 - $0.70, is above prior consensus of 0.59.
Analyst Mehdi Hosseini... More
