Morgan Stanley cut its target for Applied Materials from $563 to $538, but kept its Equal-Weight rating. The new target is still 43.6% above the November 2 close, so these mixed signals do not clearly change the company's outlook.
The cut shows Morgan Stanley sees less room for Applied Materials' share price than before. Its unchanged rating and a target still above the cited closing price point the other way. Together, the note gives no clear change to the company's outlook.
Follow Applied Materials, Inc. (AMAT) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for AMAT