Applied Materials Beats Earnings, Raises Guidance $AMAT Up 4%


From last week: Morgan Stanley Analyst Moore reiterates an Overweight rating and raises his price target to $56 from $52.

“Memory spending is already high, but memory customer’s cash flows are even higher, and as long as memory remains robust (which we expect to persist at least through mid 2018) there will continue to be an upward bias to numbers.”