Morgan Stanley Maintains Equal-Weight on Applied Mat, Raises Price Target to $139
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Applied Materials (NASDAQ:AMAT) and raised the price target from $125 to $139.
August 18, 2023 | 10:56 am
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Morgan Stanley has maintained an Equal-Weight rating on Applied Materials and raised the price target from $125 to $139, which could potentially lead to an increase in the stock's price.
The raised price target by Morgan Stanley indicates a positive outlook for Applied Materials. This could potentially lead to an increase in the stock's price as it suggests that the analyst believes the stock is undervalued at its current price.
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