Applied Materials (AMAT): Derivative Call From Strong Outlook - Needham

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Credit Suisse Raises Price Target on Applied Materials (AMAT) Following 3Q Report

August 19, 2016 11:39 AM UTC

Credit Suisse reiterated an Outperform rating on Applied Materials (NASDAQ: AMAT), and raised the price target to $34.00 (from $29.00), following the company's 3Q earnings report. EPS beat of $0.02 over the Street was primarily driven by lower taxes. Revenues were reported at $2.82bn missed the Street's $2.87bn... More