Susquehanna Maintains Neutral on Applied Mat, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Mehdi Hosseini maintains a Neutral rating on Applied Materials (NASDAQ:AMAT) and lowers the price target from $215 to $190.
October 11, 2024 | 1:14 pm
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Susquehanna analyst Mehdi Hosseini maintains a Neutral rating on Applied Materials and lowers the price target from $215 to $190, indicating a cautious outlook.
The lowering of the price target from $215 to $190 by Susquehanna suggests a less optimistic view on AMAT's future performance. Maintaining a Neutral rating indicates that the analyst does not foresee significant upside or downside in the short term. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100