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Nauman Khan

Morgan Stanley Delivers a Stark Warning on Applied Materials Stock

Morgan Stanley Applied Materials Applied Semiconductor AMAT India

Morgan Stanley just delivered a major warning for Applied Materials (AMAT) investors.

The firm cut its price target on Applied Materials to $563 from $642 while keeping an “Equal-Weight” rating. That is a $79 reduction, or about 12%, even as Morgan Stanley raised its 2027 revenue and earnings forecasts. The reason is valuation: the firm lowered the multiple it uses from 26 times to 22 times.

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