Citigroup Maintains Buy on Applied Mat, Lowers Price Target to $217
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Atif Malik maintains a Buy rating on Applied Materials (NASDAQ:AMAT) but lowers the price target from $240 to $217.
September 16, 2024 | 5:39 pm
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NEUTRAL IMPACT
Citigroup analyst Atif Malik maintains a Buy rating on Applied Materials but lowers the price target from $240 to $217, indicating a positive outlook with some caution.
The maintenance of a Buy rating suggests continued confidence in AMAT's performance, but the lowered price target indicates some caution about future growth or market conditions. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100