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Applied Materials (AMAT) has received two price target increases in two days, as analysts expect the company will benefit from its pending merger with Tokyo Electron and from underlying trends in wafer-fabrication equipment spending. Stifel Nicolaus increased its target price to 29 from 25 and reiterated a buy rating in a research report on Tuesday. Deutsche Bank on Monday upgraded the stock to buy from hold and increased its target price to 30 Scalper1 News
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