BofA revamps Applied Materials stock price target after CEO message

Applied Materials (AMAT) reported its Q1 earnings on February 12. The earnings beat consensus estimates for adjusted EPS and revenue, and the stock is trading 10% higher at the time of writing, Friday morning, Feb. 13, according to Yahoo Finance. The supplier of semiconductor and semiconductor-related fabrication equipment reported revenue of $7 billion, a 2% year-over-year decline, yet the earnings report got investors excited and prompted Bank of America analyst Vivek Arya to raise his price target for ...