Applied Materials merger may be blocked, says Argus After Applied Materials agreed to merge with Tokyo Electron, Argus believes there is at least a 40% chance that the deal will be blocked or at least delayed past the targeted close date of 2H14. However, the firm thinks the deal would give Applied Materials a more complete semiconductor fabrication equipment portfolio and a stronger position among Tokyo Electron's Asian customers. Argus increased its price target on Applied Materials to $22 from $18 and reiterates a Buy rating.
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Applied Materials added to Select List at Stifel Stifel believes that Applied Materials is poised to outperform in 2014, as the firm expects the company to benefit from several catalysts. Among the positive catalysts cited by the firm are share gains in several areas and strong growth in the company's FPD equipment business. Stifel is upbeat on the company's management team and keeps a Buy rating on the stock.