Cantor Fitzgerald Reiterates Neutral on Applied Mat, Maintains $220 Price Target
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst C J Muse reiterated a Neutral rating on Applied Materials (AMAT) and maintained a $220 price target.

March 11, 2024 | 3:33 pm
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NEUTRAL IMPACT
Cantor Fitzgerald reaffirmed a Neutral rating on Applied Materials with a steady price target of $220.
The reiteration of a Neutral rating and maintenance of the price target by a significant analyst firm like Cantor Fitzgerald suggests stability in the company's outlook. However, as there's no change in the rating or price target, the immediate impact on the stock price is likely to be neutral. Investors may view this as a confirmation of the current valuation, leading to minimal short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100