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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: niek who wrote (17052)	1/10/2006 8:15:32 AM
From: niek	Read Replies (2) \| Respond to of 25522

7:59am 01/10/06 Morgan Stanley upgrades chip equipment sector (AMAT, NVLS, PLAB, FORM) By Tomi Kilgore NEW YORK (MarketWatch) -- Morgan Stanley raised its rating on the semiconductor capital equipment sector to attractive from in line due to valuation relative to the broad stock market, less volatility in orders and earnings and likely upside in chip making capacity. As part of the sector call, Analyst Timm Schulze-Melander upgraded Applied Materials (AMAT) to overweight from equal weight, and raised the stock price target to $23 from $17.50, and sees strength across all of the company's business segments. The stock was up 18 cents at $19.70 in Instinet pre-open trading. Schulze-Melander also upgraded FormFactor (FORM) to equal weight from underweight and raised the price target to $28 from $21. Meanwhile, Novellus Systems (NVLS) and Photronics (PLAB) were downgraded to underweight from equal weight, citing concerns over profitability issues.