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.
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Applied Materials merger uncertainty could be opportunity, says Pacific Crest Pacific Crest believes that the merger between Applied Materials and Tokyo Electron could be delayed until next year, while there is a small chance of China denying the merger. However, the firm recommends buying Applied Materials on any weakness relating to merger uncertainty, as it thinks the stock is worth $25 on a standalone basis. It keeps an Outperform rating on the shares.