B. Riley Securities Maintains Buy on Applied Mat, Lowers Price Target to $280
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis maintains a Buy rating on Applied Materials (NASDAQ:AMAT) but lowers the price target from $300 to $280.
August 16, 2024 | 12:36 pm
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B. Riley Securities maintains a Buy rating on Applied Materials (NASDAQ:AMAT) but lowers the price target from $300 to $280.
The Buy rating suggests continued confidence in AMAT's long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100