Stifel raised the firm’s price target on Applied Materials (AMAT) to $275 from $240 and keeps a Buy rating on the shares. Discussions at SEMICON West both confirmed, and altered, the firm’s thinking tied to key themes in Semiconductor Capital Equipment, the analyst tells investors. Among the views the meeting confirmed was the firm’s preference for names like Applied and Onto Innovation (ONTO) and it is increasing price targets for both, the analyst noted.
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