Applied Materials Stock Falls 1.6% on Goldman Sachs Outlook
Applied Materials (AMAT) shares declined approximately 1.6% to $533.59 on Tuesday. This occurred despite Goldman Sachs maintaining a Buy rating and anticipating improved margin targets and growth guidance for the semiconductor equipment company.
m. ET Tuesday, even after Goldman Sachs maintained a bullish stance on the stock. Barron's reported that Goldman rates the shares Buy and sees stronger margin targets and growth guidance.