Boston, MA 07/09/2014 (wallstreetpr) – The stock of Applied Materials, Inc. (NASDAQ:AMAT) now carries an Outperform rating from Cowen and Company in the latest research note. The development comes when AMAT announced a deal with Tokyo Electron that would see the two companies come under one roof with a new brand name as Eteris.
Several other Wall Street experts have weighed in on the stock of Applied Materials, Inc. (NASDAQ:AMAT). For example, analysts at RBC Capital increased their price target on the stock to $20 from $18 apiece. They rate the stock as Sector-perform. Analysts at JPMorgan Chase & Co. (NYSE:JPM) recently upgraded the stock to an Overweight from Neutral and planted a new price target at $30, up from the previous $19.
On the average, the stock bears a Buy recommendation and an average price objective of $22.82.
Applied Materials, Inc. (NASDAQ:AMAT) this week announced release of new equipment targeted at the production of complex devices based on 3D architecture.
Vale SA (ADR) (NYSE:VALE) received a sentiment boost from Barclays where analysts upgraded the stock to an Equal-weight. The development puts the stock on a consensus rating of Hold and average price target of $17.15.
The anticipated big demand for iron is creating excitement for Vale SA (ADR) (NYSE:VALE) and its peers. China is expected to make a significant contribution in the growth of iron market because of its ambitious urbanization projects.
Alpha Natural Resources, Inc. (NYSE:ANR) was a victim of a bearish note issued by commodity forecasters at Morgan Stanley (NYSE:MS). The analysts warned that prices of metallurgical coal may witness a slower rebound than previously anticipated. The warning costs ANR more than 6 percent on its stock price in the previous session.
The analysts went further to cut their metallurgical coal price outlook to $133 per ton from $160 for 2015.
Based on the new reality, analysts at MS chopped their price target on Alpha Natural Resources, Inc. (NYSE:ANR) to $4 apiece, from $5. The price cut also affected Arch Coal Inc (NYSE:ACI) and Walter Energy, Inc. (NYSE:WLT).
