Will This Price Target Increase Help Applied Materials (AMAT) Stock Today?

NEW YORK (TheStreet) -- Credit Suisse increased its price target on Applied Materials  (AMAT) to $22 and increased its estimates. The firm said the company is realizing higher margins.

The stock was up 4.78% to $22.16 in pre-market trading on Friday.

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Separately, TheStreet Ratings team rates APPLIED MATERIALS INC as a "buy" with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLIED MATERIALS INC (AMAT) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

You can view the full analysis from the report here: AMAT Ratings Report

AMAT Chart AMAT data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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