BofA raised the firm’s price target on Applied Materials (AMAT) to $350 from $300 and keeps a Buy rating on the shares. The firm raised targets across its semicap coverage given a stronger multi-year demand outlook, increasing visibility, greater customer diversification and the potential for higher free cash flow generation in the upturn.
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Read More on AMAT:
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- Applied Materials price target raised to $325 from $260 at Bernstein
- Applied Materials upgraded to Positive from Neutral at Susquehanna
- Applied Materials price target raised to $310 from $250 at Goldman Sachs
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