Applied Materials merger positive, says Pacific Crest After Applied Materials agreed to merge with Tokyo Electron, Pacific Crest thinks the deal has several positive aspects for Applied Materials, including higher cash returns, new product opportunities, and increased exposure to lithography and cements. It expects the deal to close in 2H14. The firm raised its price target on Applied Materials to $21 from $19 and keeps an Outperform rating on the shares.
News For AMAT From The Last 14 Days
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