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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (83967)9/19/2019 9:17:47 AM
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Wells Fargo lifts semi targets
Sep. 19, 2019 8:51 AM ET|About: Applied Materials, Inc. (AMAT)|By: Brandy Betz, SA News Editor
Wells Fargo analyst Joseph Quatrochi lifts semi names on the underappreciated "increasingly recurring" nature of the sector.

Applied Materials (NASDAQ: AMAT) gets a boost from $52 to $58 wtih one of the largest installed bases among its peers and the ability to increase LT services penetration.

ASML (NASDAQ: ASML) raises from $240 to $276 on its new "EUV- only wafer production-based services model" that's driving improved services margins.

AMAT and ASML stay at Outperform ratings. Quatrochi stays on the Lam Research (NASDAQ: LRCX) sidelines but still lifts the target from $200 to $235.

ASML shares are up 0.5% pre-market to $250.90. Lam Research is relatively flat at $237.70, and AMAT is up 0.6% to $52.41.


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