Market Overview

UPDATE: J.P. Morgan Lowers Applied Materials' PT

Related AMAT
Goldman Sachs Reinstates Neutral On Lam Research, Bullish On Long Term
Barron's Picks And Pans: Super Chip Stocks, Time Warner And More
Bill Nygren's Largest Investments of the Year (GuruFocus)

According to a research report published this morning, J.P. Morgan has lowered Applied Materials' (NASDAQ: AMAT) PT from $14 to $10.

J.P. Morgan commented in the report, "[We] are reducing our estimates and price target for AMAT. We expect semi capex in C2H12 to trend lower as foundry capex declines and memory and logic capex looks to remain relatively low. While we don't expect the down cycle to be severe, we think it's a good time for investors to take some profits and look for outperformance elsewhere."

J.P. Morgan maintains its Neutral rating on Applied Materials, which closed yesterday at $10.81.

Latest Ratings for AMAT

Oct 2016Goldman SachsMaintainsBuy
Aug 2016UBSMaintainsBuy
Aug 2016CitigroupMaintainsBuy

View More Analyst Ratings for AMAT
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings


Related Articles (AMAT)

View Comments and Join the Discussion!