Why Applied Materials Stock Was Trailing the Broader Market on Tuesday

Although Applied Materials (AMAT 2.03%) stock wasn't doing badly in late-session trading on Tuesday, there were plenty of other titles that were eclipsing it. Its rise was tempered by an analyst's price target cut, which dampened sentiment on the chipmaking equipment specialist's prospects.With that moderate headwind, Applied Materials was rising by 1.7% on the day; meanwhile, the S&P 500 index was clocking a 2.3% increase.A $30-per-share chopThat morning, Tom O'Malley of storied bank Barclays reduced his A ...