Pacific Crest Upgraded Applied Materials to Market Outperform, Says Co. Could 'Completely Transform'

Pacific Crest upgraded Applied Materials, Inc.

earlier today from Market Perform to Market Outperform and raised PT to $18.00. Applied Materials could "completely transform" over the next five years says analyst Weston Twigg. Twigg said it was likely that successful management would continue to improve the company over the next couple years and that there is limited downside. Price is up 1.4 percent since the earlier upgrade and is trading at $14.89 at last check.