Market Overview

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

Share:
Related AMAT
Lightning Round: Jim Cramer Advises His Viewers On Hertz, Macy's And More
ASML's Earnings Set The Tone For Chip-Equipment Industry
The Vetr community has upgraded $AMAT to 3.5-Stars. (Vetr)

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
Jul 2017CitigroupMaintainsBuy
Dec 2016Goldman SachsDowngradesBuyNeutral
Oct 2016Goldman SachsMaintainsBuy

View More Analyst Ratings for AMAT
View the Latest Analyst Ratings

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

 

Related Articles (AMAT)

View Comments and Join the Discussion!