Mizuho analyst Vijay Rakesh lowered the firm’s price target on Applied Materials (AMAT) to $195 from $205 and keeps an Outperform rating on the shares. The company reported an in-line quarter but faces headwinds in China, the analyst tells investors in a research note.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMAT:
- Morning Movers: Charter to combine with Cox Communication
- Strong Growth Potential and Resilience in Applied Materials Amidst Market Challenges
- Applied Materials price target lowered to $220 from $225 at TD Cowen
- Applied Materials price target lowered to $200 from $225 at Raymond James
- Stacy Rasgon’s Buy Rating Highlights Growth Potential and Stability of Applied Materials