Mizuho Lifts Applied Materials to Outperform, Cites Sharper Rebound in Chip Equipment Spending
Mizuho upgraded Applied Materials to Outperform from Neutral and bumped its price target to $370, pointing to a faster-than-expected recovery in semiconductor equipment spending led by foundry, logic and memory investment. The firm raised wafer fabrication equipment growth forecasts for 2026 and 2027 and lifted Applied Materials revenue estimates, …