Boston, MA 07\/09\/2014 (wallstreetpr) \u2013 The stock of Applied Materials, Inc. (NASDAQ:AMAT)<\/b> 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.<\/p>\n
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.<\/p>\n
On the average, the stock bears a Buy recommendation and an average price objective of $22.82.<\/p>\n
Applied Materials, Inc. (NASDAQ:AMAT) this week announced release of new equipment targeted at the production of complex devices based on 3D architecture.<\/p>\n
Vale SA (ADR) (NYSE:VALE)<\/b> 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.<\/p>\n
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.<\/p>\n
Alpha Natural Resources, Inc. (NYSE:ANR)<\/b> was a victim of a bearish note issued by commodity forecasters at Morgan Stanley (NYSE:MS)<\/b>. 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.<\/p>\n
The analysts went further to cut their metallurgical coal price outlook to $133 per ton from $160 for 2015.<\/p>\n
Based on the new reality, analysts at MS chopped their price target on Alpha Natural Resources, Inc. (NYSE:ANR) to $4 apiece, from $5.\u00a0 The price cut also affected Arch Coal Inc (NYSE:ACI)<\/b> and Walter Energy, Inc. (NYSE:WLT).<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 07\/09\/2014 (wallstreetpr) \u2013 The stock of Applied Materials, Inc. (NASDAQ:AMAT) now carries an Outperform rating from Cowen and Company in the latest research […]<\/p>\n","protected":false},"author":15,"featured_media":4420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[3552,3630,1877,855,3553,1431,954,3008],"stock_ticker":[],"class_list":["post-27133","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-alpha-natural-resources-inc-nyseanr","tag-applied-materials-inc-nasdaqamat","tag-morgan-stanley-nysems","tag-nasdaqamat","tag-nyseanr","tag-nysems","tag-nysevale","tag-vale-sa-adr-nysevale","entry"],"acf":[],"yoast_head":"\n