Applied Materials expects healthy investment by foundry customers in 2013 However, sees investment level lower than 2012. Comments taken from the company's Q4 earnings conference call.
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Applied Materials rises after upgrade, levels to watch Citigroup earlier upgraded the stock to Buy, with a $20 price target. The firm cited a belief that the company will benefit from increased foundry adoption of FinFET products. At the current price of $15.78, next big resistance is at $16.50. Support is at $15.40, the session low so far.