Market Overview

UPDATE: Stifel Nicolaus Raises PT to $17 on Applied Materials Following FQ1 Report and Guidance

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

Stifel Nicolaus maintained Applied Materials (NASDAQ: AMAT) with a Buy and raised the price target from $15.00 to $17.00.

Stifel Nicolaus noted, "On Wednesday after the market close, Applied Materials reported 1Q13 (Jan) earnings results that came in well above ours and consensus expectations. With regards to the 2013 WFE outlook, management raised its view to flat to -10%, with a bias towards 2H13 (CY), which we believe is generally consistent with our view as well. We also believe Applied will receive an additional boost this year in its FPD equipment business."

Applied Materials closed at $13.77 on Wednesday.

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: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (AMAT)

Around the Web, We're Loving...

Get Benzinga's Newsletters