Morgan Stanley Maintains Equal-Weight on Applied Mat, Raises Price Target to $142
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Applied Materials (NASDAQ:AMAT) and increased the price target from $139 to $142.
November 17, 2023 | 12:58 pm
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Morgan Stanley analyst Joseph Moore has kept an Equal-Weight rating on Applied Materials but raised the price target from $139 to $142, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Morgan Stanley suggests a positive sentiment towards Applied Materials' stock value in the short term. While the rating remains unchanged, the higher price target can be seen as an endorsement of the company's potential for growth or stability, which may positively influence investor perception and the stock price.
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