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Applied Materials price target raised to $169 from $158 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Applied Materials (AMAT) to $169 from $158 and keeps an Equal Weight rating on the shares. Morgan Stanley is slightly more positive on Applied Materials’ CY25 given share recovery at TSMC (TSM), but continues to be cautious on CY26 primarily around DRAM, the analyst tells investors in a research note.

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