Applied Materials price target lowered to $200 from $220 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on Applied Materials (AMAT) to $200 from $220 and keeps an Overweight rating on the shares. While President Trump’s 90-day tariff pause for the world ex-China offered great relief, volatility is likely to persist amid the potential for section 232 Semiconductor restrictions and updates to AI Diffusion rules, as well as a likely ongoing ratcheting up of friction between U.S. and China, the analyst tells investors in a research note. Cantor looks for Applied Materials to post a modest beat and raise as the company benefits from the positive trends outlined by recent reports from Semi Equipment peers.