Applied Materials Posts Mixed Q2: Weaker Demand Expected Due To Tariff Dynamics, Analysts Cut Price Target

Applied Materials Inc AMAT shares are down in early trading on Friday, after the company reported on Thursday its fiscal second-quarter results.The announcement came amid an exciting earnings season. Here are some key analyst takeaways.JPMorgan On Applied MaterialsAnalyst Harlan Sur maintained an Overweight rating, while cutting the price target from $240 to$210.Applied Materials reported its quarterly revenue at $7.1 billion, down 1% sequentially but higher by 7% year-on-year, Sur said in a note. The reve ...