Applied Materials price target raised to $24 from $22 at Northland Securities Northland raised Applied Materials price target to $24 from $22 based on improving 3D NAND prospects. Shares are Outperform rated.
Applied Materials weakness creates buying opportunity, says Stifel Stifel believes that Applied Materials' (AMAT) fundamental story has not changed, while the weakness in the shares is an overreaction to certain issues, including the Microchip (MCHP) preannouncement. Stifel expects the company to benefit from strong WFE spending in 2015 and increasing capital intensity trends in the chip sector. The firm keeps a $25 price target and Buy rating on the shares.