Applied Materials Announces Second Quarter 2019 Results

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Applied Materials (AMAT) PT Raised to $52 at RBC Capital

May 17, 2019 6:36 AM EDT

RBC Capital analyst Mitch Steves raised the price target on Applied Materials (NASDAQ: AMAT) to $52.00 (from $45.00) while maintaining a Outperform rating following results.

Steves commented, "AMAT reported a solid quarter but guided Jul-qtr relatively in-line with Street expectations. Importantly, the results were surprising given... More