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Rating: AMAT
Outperform $24

Applied Materials, Inc. (NASDAQ: AMAT) reiterated to Outperform with price target $24 by Cowen

Friday,  Aug 14, 2015  8:25 AM ET by Betsy O'Brien Harrison

Cowen reiterated Applied Materials, Inc. (NASDAQ: AMAT) to Outperform with price target
$24. Previously Cowen reiterated Applied Materials, Inc. (NASDAQ: AMAT) to Outperform with price target $25 on 05/15/2015, when the stock price was $20.40.

Applied Materials develops, manufactures, markets and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Customers for these products includesemiconductor wafer manufacturers and semiconductor integrated circuit manufacturers, who either use the Ics they manufacture in their own products or sell them to other companies. These ICs are the key components in most advanced electronic products such as computers, telecommunications devices, automotive engine management systems and electronic games.

Cowen



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