Shares of Applied Materials Inc. AMAT, +0.06% rallied 1.4% in premarket trade Monday, after the chip equipment company was upgraded at RBC Capital, which was upbeat about the company's wafer front end (WFE) business. Analyst Amit Daryanani raised the rating to outperform from sector perform and boosted the price target to $55 from $48.
◄ #StockIdeas: #AMAT breakout could be headed to $52
September 18, 2017 · 549 views
RBC raises AMAT rating...
Shares of Applied Materials Inc. AMAT, +0.06% rallied 1.4% in premarket trade Monday, after the chip equipment company was upgraded at RBC Capital, which was upbeat about the company's wafer front end (WFE) business. Analyst Amit Daryanani raised the rating to outperform from sector perform and boosted the price target to $55 from $48.
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