Susquehanna analyst Mehdi Hosseini lowered the firm’s price target on Applied Materials (AMAT) to $170 from $190 and keeps a Neutral rating on the shares. The firm said they expect the company to beat and raise. However, they remain concerned about a downside risk to CY25 EPS consensus, especially if correct about its updated 2025 WFE forecast of spending declining 2% year-over-year.
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