Morgan Stanley Maintains Equal-Weight on Applied Mat, Lowers Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Applied Materials (NASDAQ:AMAT) but has lowered the price target from $224 to $185.
September 17, 2024 | 1:02 pm
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Morgan Stanley has maintained an Equal-Weight rating on Applied Materials but reduced the price target from $224 to $185, indicating a more cautious outlook.
The reduction in price target from $224 to $185 by Morgan Stanley suggests a less optimistic view on AMAT's future performance, which could lead to a short-term negative impact on its stock price.
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