BUZZ-Applied Materials rises; Mizuho upgrades to 'outperform' on capex boost
Reuters01-29
BUZZ-<a href="https://laohu8.com/S/AMAT">Applied</a> Materials rises; Mizuho upgrades to 'outperform' on capex boost** Chip equipment maker Applied Materials' AMAT.O shares rise ~1% to $336
** Mizuho upgrades to "outperform" from "neutral," sees co as a wafer fab equipment supplier, benefiting from "US/Taiwan/Japan capex"
** Raises PT to $370 from $275, implying an 11.2% upside to the stock's last close
** "China we believe is less of a headwind as ex-China WFE revs (70% of Revs) are accelerating faster" — Mizuho
** Avg. rating of 35 analysts is "buy;" their median PT is $327.50 — data compiled by LSEG
** In 2025, stock rose 58%
(Reporting by Anhata Rooprai in Bengaluru)
((Anhata.Rooprai@thomsonreuters.com))
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