JP Morgan Upgrades Applied Materials To Overweight, Shares Gain In Pre-Market - Applied Mat (NASDAQ:AMAT)

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Analysts at JP Morgan upgraded Applied Materials (NASDAQ: AMAT) from “neutral” to “overweight.” The target price for Applied Materials has been raised from $19 to $30. Applied Materials shares have jumped 49.87% over the past 52 weeks, while the S&P 500 index has gained 21.67% in the same period.Applied Materials' shares gained 1.97% to $23.26 in pre-market trading.

27% profit every 20 days?

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