Applied Materials upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded Applied Materials to Overweight citing confidence in the current Moore’s Law–driven wafer equipment spending cycle and the closing of the merger with Tokyo Electron. The firm raised its price target for shares to $30 from $19.
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Applied Materials sees strong opposition to merger in China, DealReporter says The proposed merger of Applied Materials (AMAT) with Tokyo Electron is facing strong opposition from Chinese regulators, said DealReporter, according to contacts.