Bank of America reiterated its Neutral rating on Applied Materials AMAT. At the same time, the rating agency reduced its price target on the company's stock from $15 to $12.50. On Tuesday, AMAT closed the day at $11.44. Its shares lost 2.19% of their value in today's pre-market trading to stand around $11.19.
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Posted In: Price TargetReiterationAnalyst RatingsBank of AmericaInformation TechnologySemiconductor Equipment
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