Citi added Applied Materials (AMAT) to the firm’s US Focus List while keeping a Buy rating on the shares with a $220 price target The stock is up 17% year-to-date, but has lagged peers by 25% on tougher first half of the year sales compares, the analyst tells investors in a research note. Citi sees Applied Materials’ comps improving in the second half of 2025 on better end market mix.
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