Applied Materials shares are trading higher amid strength in chip stocks. Wells Fargo on Monday raised its price target on the stock.
Portfolio Pulse from Benzinga Newsdesk
Applied Materials shares are trading higher due to strength in chip stocks and a price target increase by Wells Fargo.
June 18, 2024 | 2:43 pm
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POSITIVE IMPACT
Applied Materials shares are trading higher due to positive sentiment in the chip sector and a price target increase by Wells Fargo.
The combination of sector strength and a raised price target from a major financial institution like Wells Fargo is likely to drive short-term positive sentiment and buying interest in Applied Materials shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100