Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 248.42

-4.0%

Dec 17 3:59 PM EST

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From: Gottfried	5/1/2002 11:09:29 AM
	Read Replies (1) of 70976

Going back 2 years I cannot find a Wells Fargo rating for AMAT before today's downgrade. Does that mean WF had AMAT at STRONG BUY for 2 years?. From briefing.com... 7:25AM Applied Materials downgraded at Wells Fargo (AMAT) 24.32: Wells Fargo downgrades to MKT PERFORM from Strong Buy, saying that the shares already discount a cyclical upturn, and that the co's product mix shift could hamper top-line growth and pressure operating margins. Raises FY02 est to $0.25 from $0.11 and cuts FY03 est to $0.72 from $0.85, and lowers price target to $25 from $28. Gottfried

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