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
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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.
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