Morgan Stanley analyst Joseph Moore lowered the firm’s price target on Applied Materials (AMAT) to $162 from $164 and keeps an Underweight rating on the shares. Applied didn’t deliver the modest upside seen at peers KLA Corp. (KLAC) and Lam Research (LRCX), but was closer to in line with the firm’s expectations as China declined slightly more than expected, the analyst tells investors in a post-earnings note.
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Read More on AMAT:
- Applied Materials price target lowered to $200 from $205 at Wells Fargo
- Applied Materials price target raised to $190 from $170 at Citi
- Hold Rating for Applied Materials Amid Geopolitical and Macroeconomic Uncertainties
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- Applied Materials Reports Strong Q2 2025 Results
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