Loading...
Loading...
In a report published Wednesday, Credit Suisse Group reiterated its Neutral rating on Applied Materials
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in