S&P Capital IQ Picks AMAT Focus Stock of the Week
NEW YORK, March 26, 2012 /PRNewswire/ — Applied Materials Inc. (NASDAQ: AMAT: $13) has been picked by S&P Capital IQ as its Focus Stock of the Week. AMAT carries S&P Capital IQ’s highest investment recommendation of 5-STARS, or Strong Buy.
“We think all of AMAT’s business segments should improve from current levels in the coming months,” said Angelo Zino, equity analyst at S&P Capital IQ. “While we believe the company’s Silicon segment has already shown signs of rebounding from trough levels, we expect to see order improvement from both the display and solar-related businesses as the calendar year progresses. We anticipate that foundry and flash memory companies will be the key drivers in the projected rebound for AMAT’s semiconductor equipment business.”
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