Applied Materials Shares Fall 2.82% as Evercore Cuts Price Target
Applied Materials shares traded at $417.89, down 2.82%, at approximately 11:40 a.m. ET on October 16. Evercore ISI cut its target to $590 from $700 on October 15 and maintained its Outperform rating.
Shares of semiconductor-equipment maker Applied Materials NASDAQ:AMAT were at $417.89, down 2.82%, at approximately 11:40 a.m. ET on October 16. The Fly reported that Evercore ISI lowered its price target to $590 from $700 on October 15, while maintaining its Outperform rating. T…