BUZZ-Applied Materials rises; Wells Fargo lifts PT
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Chip equipment maker Applied Materials’shares rise 2.2% to $264.78 premarketWells Fargo raises PT to $290 from $255, implying an upside of 9.7% to stock’s last closeBrokerage says that while contract liabilities and performance obligations are trending down, 53% of $1.7 bln in unsatisfied performance obligations is expected to be recognized within 12 monthsAverage rating of 34 analysts is “buy,” their median PT is $260 - data compiled by LSEGUp to last close, stock has risen 62.6% this year
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