UBS Maintains Neutral on Applied Mat, Raises Price Target to $130
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Timothy Arcuri maintains a Neutral rating on Applied Mat (NASDAQ:AMAT) and raises the price target from $120 to $130.

May 31, 2023 | 12:22 pm
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NEUTRAL IMPACT
UBS analyst Timothy Arcuri maintains a Neutral rating on Applied Mat (NASDAQ:AMAT) and raises the price target from $120 to $130.
The news of UBS maintaining a Neutral rating on Applied Mat and raising the price target from $120 to $130 indicates that the analyst sees potential for the stock price to increase. However, the Neutral rating suggests that the analyst does not expect significant outperformance or underperformance in the short term. This may result in a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100