Applied Materials (AMAT) Remains Favored as ASML Emerges as Top Catch-Up Trade

On June 29, Cantor Fitzgerald expert C.J. Muse raised the terms people connected Applied Materials (NASDAQ: AMAT) to $850.00 (from $650), maintaining an Overweight rating. Despite the PT rise and standing affirmation, the steadfast sees much constricted upside to EPS compared to peers.

The steadfast continues to similar AMAT, alongside LRCX and KLAC. ASML, connected the different hand, has the strongest EPS upside among semiconductor stocks.

In Semi Equipment, we spot the astir EPS upside from ASML. Considering being a important underperformer, we spot a meaningful catch-up commercialized here. We bash proceed to similar LRCX, AMAT, and KLAC, but we spot much constricted upside to EPS present (we could spot humble comparative underperformance present done net similar we did past net season).

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Applied Materials, Inc. (NASDAQ:AMAT) is simply a person successful materials engineering solutions engaged successful the proviso of manufacturing equipment, services, and bundle to the semiconductor, display, and related industries.

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