Applied Materials merger report 'pure speculation,' says Stifel Stifel says the report claiming China may request the Applied Materials, Tokyo Electron merger be pulled is "pure speculation" that is causing "unnecessary volatility" in the stock. Stifel remains confident the merger will receive approval and it views today's pullback in Applied Materials shares as presenting an entry point for long-term investors. The firm keeps a Buy rating on Applied Materials with a $25 price target.
Applied Materials upgraded to Conviction Buy from Buy at Goldman Goldman added Applied Materials to the Conviction Buy List with a $24 price target due to the accelerating 3D NAND product cycle, increased focus on the core business, and capital allocation. The firm believes the July SEMICON meeting will be a catalysts for shares and provide constructive commentary on fundamentals.