Wells Fargo lowered the firm’s price target on Applied Materials (AMAT) to $220 from $235 and keeps an Overweight rating on the shares. January quarter guidance was mixed, but the focus is likely to be on implied China revenue up 2% quarter over quarter and relative to peers’ calendar Q4 guidance, the analyst tells investors in a research note.
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Read More on AMAT:
- Applied Materials price target lowered to $179 from $185 at Morgan Stanley
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