Wells Fargo Maintains Overweight on Applied Mat, Lowers Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Joseph Quatrochi maintains an Overweight rating on Applied Materials (NASDAQ:AMAT) but lowers the price target from $260 to $235.
October 03, 2024 | 5:17 pm
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Wells Fargo has maintained its Overweight rating on Applied Materials but reduced the price target from $260 to $235, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in AMAT's performance, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company-specific factors. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100