Wells Fargo analyst Joe Quatrochi raised the firm’s price target on Applied Materials to $255 from $250 and keeps an Overweight rating on the shares. While the company’s earnings were slightly ahead of consensus, they were roughly in-line with buyside expectations, and the firm believes the focus remains on a 2025 reacceleration. The analyst sees management’s commentary reinforcing the firm’s positive view on the company’s position.
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