JP Morgan Maintains Overweight on Applied Mat, Raises Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Harlan Sur has maintained an Overweight rating on Applied Materials (NASDAQ:AMAT) and increased the price target from $165 to $170.
November 17, 2023 | 3:20 pm
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POSITIVE IMPACT
JP Morgan analyst Harlan Sur reaffirmed an Overweight rating on Applied Materials and raised the price target to $170, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Harlan Sur from JP Morgan is a strong positive signal to the market, suggesting a bullish outlook on Applied Materials. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100