Market Overview

UPDATE: Stifel Nicolaus Cuts PT to $13 on Applied Materials on Outlook.

Related AMAT
Benzinga's Top Downgrades
Benzinga's Top #PreMarket Losers
Explaining Returns On Dividend-Paying Large-Cap Tech And Industrial Stocks (Seeking Alpha)

Stifel Nicolaus reduces its price target from $16 to $13 on Applied Materials (NASDAQ: AMAT) following outlook concerns.

Stifel Nicolaus comments, "While the upside surprise to the results was not a complete surprise, admittedly, we came away disappointed with not only the near term outlook but also its October quarter as well. …On the margins side, we also came away disappointed as there now appearsto be no leverage gains for the remainder of the year (on the opex, we knew restructuring was occurring but gross margins are not likely to improve either)."

AMAT closed at $10.48 on Thursday.

Latest Ratings for AMAT

Oct 2015KeyBancMaintainsOverweight
Oct 2015RBC CapitalDowngradesSector PerformUnderperform
Sep 2015CLSAUpgradesOutperformBuy

View More Analyst Ratings for AMAT
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (AMAT)

View Comments and Join the Discussion!

Get Benzinga's Newsletters