Scalper1 News
Applied Materials’ (AMAT) “solid position” in the chip manufacturing equipment market and an improving outlook for completing its merger with Tokyo Electron were among factors prompting JPMorgan to upgrade the stock of the semiconductor manufacturing equipment maker to overweight from neutral. In a research report Monday, the investment house also raised its price target on the stock to 30 from 19. Applied Materials stock was up nearly 1%, near Scalper1 News
Scalper1 News