TD Cowen raised the firm’s price target on Applied Materials (AMAT) to $260 from $250 and keeps a Buy rating on the shares. The firm said the company guided slightly above consensus and shared a view similar to peers, that the. C2H26 weighted spend. China is expected to decline in 2026 and mostly de-risked, especially given that China WFE has surprised to the upside the last few years.
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