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Applied Materials gains on Susquehanna upgrade

Jul. 10, 2015 9:11 AM ETApplied Materials, Inc. (AMAT) StockAMATBy: Eric Jhonsa, SA News Editor
  • Citing valuation, Susquehanna has upgraded Applied Materials (NASDAQ:AMAT) to Neutral.
  • AMAT +1.8% premarket to $18.85. The chip equipment giant made a fresh 52-week low of $18.51 yesterday, and closed just a penny above it. Shares had fallen 15% since Applied and Tokyo Electron officially cancelled their planned merger in the face of regulatory opposition.
  • Goldman upgraded to Conviction Buy two weeks ago.

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