Market Overview

UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on Applied Materials

Related AMAT
Jabil Circuit Up, Analysts Remain Uncertain
Don't Overlook Mid-Cap Stocks
Week Ahead: Inflation Data and Wal-Mart Earnings (Fox Business)

In a report published Wednesday, Credit Suisse Group reiterated its Neutral rating on Applied Materials (NASDAQ: AMAT), but lowered its price target from $13.00 to $11.50.

Credit Suisse noted, “Our new PT is $11.5 (from $13.00), reflects ~12x CY13 ex-cash EPS, and adding back net cash. Continue to believe that AMAT is an interesting story - IF company can restructure its less profitable divisions, increase focus on inorganic growth in segments with higher profitability and/or growth rates such as inspection and ALD.”

Applied Materials closed on Tuesday at $10.39.

Latest Ratings for AMAT

DateFirmActionFromTo
Dec 2014CitigroupMaintainsBuy
Dec 2014Stifel NicolausMaintainsBuy
Dec 2014Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for AMAT
View the Latest Analyst Ratings

Posted-In: Credit Suisse GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMAT)

Around the Web, We're Loving...

Get Benzinga's Newsletters