Market Overview

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

Share:
Related AMAT
Fast Money Halftime Report Final Trade From February 20
Dan Nathan Sees Unusual Options Activity In Applied Materials

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
Feb 2015JefferiesMaintainsBuy
Jan 2015Credit SuisseAssumesOutperform
Dec 2014CitigroupMaintainsBuy

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