Applied Materials to Acquire Kokusai Electric
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Applied Materials (AMAT) PT Raised to $54 at RBC Capital Amid Kokusai Deal
July 1, 2019 5:46 PM EDTRBC Capital analyst Mitch Steves raised the price target on Applied Materials (NASDAQ: AMAT) to $54.00 (from $52.00) while maintaining an Outperform rating after the company agreed to acquire Kokusai Electric for $2.2B.
Steves sees the deal as ~$0.24 accretive in FY20E.
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