Applied Materials (AMAT) PT Raised to $67 at KeyBanc on 4Q Report; 'Another Beat & Raise with Growth Likely to Continue'

KeyBanc raised its price target on Applied Materials (NASDAQ: AMAT) to $67.00 (from $59.00) while maintaining a Overweight rating, following the company's the fourth quarter earnings report.

Analyst Weston Twigg notes a positive outlook on the shares, as the company reported fourth quarter earnings per share and revenue results above consensus projections driven by strong high demand for semiconductor and display equipment, with demand expected into 2018.

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