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Technology Stocks : Semi Equipment Analysis
SOXX 296.74+1.8%Nov 28 4:00 PM EST
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From: Sam11/21/2019 12:35:17 PM
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Applied Materials Stock Continues Slide on Analyst Bear Note
Sentiment surrounding the stock lately has been extremely bullish
by Lillian Currens

Published on Nov 21, 2019 at 10:08 AM

Applied Materials, Inc. (NASDAQ:AMAT) is falling even deeper off Monday's record high of $63.07, down 4.2% to trade at $57.16 after UBS cut the semiconductor stock to "sell" from "neutral," and slashed its target by one dollar to $48. The analyst foresees AMAT's wafer fab equipment run rate contracting in the first half of 2020, putting the stock at risk, and added that while its Display sales could defend against headwinds, weakening demand for LCD in China makes this possibility less likely.

continues at schaeffersresearch.com
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