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AMAT Removed from Citi's Top Picks List, Downgraded by Credit Suisse |
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| Apr 07, 2008 07:35 PM UTC |
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Tracked Blogger
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4/7 - "Citigroup’s Timothy Arcuri swapped Applied off of his firm’s “Top Picks Live” list, which sounds more like a bad reality TV show than a list of stock picks, replacing it with KLA Tencor (KLAC). Arcuri still has a Buy rating on AMAT." "Credit Suisse’s Satya Kumar this morning hut his rating on AMAT to Neutral from Outperform, although he also raised 2009 estimates on the company...Kumar contends the stock is now embedding a rich $7.7 billion valuation on the solar business. He also thinks the economics of AMAT’s solution are high relative to market requirements. He says the goal of $1 a watt by 2010 is inadequate given an expected oversupply in solar by 2010." |
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3 Related Views
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Cramer Bullish on Applied Materials Due to Solar Exposure
4/2 - "Although Cramer has not been thrilled with semiconductors, particularly AMAT, he now likes the stock because of its underreported connection with solar energy. Not only is the company producing solar panels for houses, but is set to be the “Henry Ford of solar” and mass-produce the panels for solar facilities...Cramer sees as much as a 50% upside in the stock."
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N/A risk: moderate |
Favorable Near-Term Catalysts for KLAC, Upgrading to Buy
4/6 - "We think several near-term catalysts are likely to develop against a cyclical backdrop that we think is increasingly favorable. While memory is not without further downside risk, we think it represents only ~15% risk to orders and, with $0.50/Q trough EPS, at $40 the stock is already discounting this scenario. Upgrading KLAC from Hold (2H) to Buy (1H) w/$56 target, see C2008 EPS $2.48 (S...
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N/A risk: moderate |
Market-Leader Varian a Buy
3/24 - "Varian Semiconductor Equipment Associates, Inc. (VSEA) engages in the design and manufacture of semiconductor processing equipment used in the fabrication of integrated circuits...VSEA has superior technology and remains several product generations ahead of competitors...As nodes get smaller and more complex, VSEA’s equipment become more valuable.
Consequently, we reiterate our Buy r...
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