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Applied Materials up after JPMorgan lists multiple tailwinds

Published 09/28/2017, 04:00 PM
© Reuters.  Applied Materials up after JPMorgan lists multiple tailwinds
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  • Applied Materials (NASDAQ:AMAT) shares are up 3.44% after a JPMorgan (NYSE:JPM) analyst says the company is well positioned to ride the major tech trends coming in the next three years.
  • Analyst Harlan Sur cites the potential for low percentage point gains in silicon business, a broadening portfolio of products with increasing penetration, increased wafer capacity intensity, and display market exposure as the multiple tailwinds for Applied Materials.
  • Sur reiterates an Overweight rating on the company.
  • Previously: Applied Materials provides three-year guidance; shares up 7.5% (Sept. 27)
  • Previously: Evercore ISI raises Applied Materials price target after Analyst Day (Sept. 28)
  • Now read: Applied Materials: Climb Aboard The Growth Train


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