Applied Materials will remain an outperformer in 2015, says Stifel Stifel believes shares of Applied Materials will remain an outperformer in 2015 due to continued spending in foundry and memory. The firm raised its price target for shares to $25 from $23 and keeps a Buy rating on the stock.
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.