Barclays Upgrades Applied Mat to Equal-Weight, Raises Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has upgraded Applied Materials (NASDAQ:AMAT) from Underweight to Equal-Weight and raised the price target from $165 to $225.
June 05, 2024 | 2:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Barclays analyst Tom O'Malley has upgraded Applied Materials from Underweight to Equal-Weight and raised the price target from $165 to $225.
The upgrade from Underweight to Equal-Weight and the significant increase in the price target from $165 to $225 by Barclays is likely to positively impact AMAT's stock price in the short term. Such upgrades typically signal increased confidence in the company's performance and can attract more investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100