Applied Materials shares are trading higher after Barclays upgraded the stock from Underweight to Equal-Weight and raised its price target from $165 to $225.
Portfolio Pulse from Benzinga Newsdesk
Applied Materials shares are trading higher following an upgrade from Barclays, which raised the stock rating from Underweight to Equal-Weight and increased the price target from $165 to $225.
June 05, 2024 | 2:22 pm
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POSITIVE IMPACT
Barclays upgraded Applied Materials from Underweight to Equal-Weight and raised the price target from $165 to $225, leading to a rise in the stock price.
The upgrade from Barclays and the significant increase in the price target are likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100