UBS Maintains Neutral on Applied Mat, Lowers Price Target to $210
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Timothy Arcuri maintains a Neutral rating on Applied Materials (NASDAQ:AMAT) and lowers the price target from $220 to $210.
September 12, 2024 | 3:22 pm
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NEGATIVE IMPACT
UBS analyst Timothy Arcuri has maintained a Neutral rating on Applied Materials and reduced the price target from $220 to $210, indicating a cautious outlook.
The reduction in price target from $220 to $210 by UBS suggests a less optimistic view on AMAT's short-term performance, which could lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100