Applied Materials Shares Fall 4.3% as Evercore Cuts Price Target
Applied Materials shares traded at $427.51, down approximately 4.28%, at 11:23 a.m. ET on October 15. Evercore ISI cut its price target while maintaining an Outperform rating; the new target is $590, down from…
The Fly reported that Evercore ISI lowered its price target for semiconductor equipment maker Applied Materials while maintaining an Outperform rating, putting the stock’s valuation under greater scrutiny. Shares were at $427.51, down approximately 4.28%, at 11:23 a.m. ET on October 15. The target was reduced to $590 from…