Applied Materials, Inc. (NASDAQ: AMAT) downgraded to Neutral by Daiwa Securities analyst with a price target of $170.00. Firm cites weak semiconductor equipment spending, issues at major customers, and slow demand outside of AI. Analysts await signs of rebound, lowering rating and price target.

Financial analyst analyzes insurance market trends, downgrading Applied Materials (AMAT) stock from Outperform to Neutral. Valuation is more modest, rebound may take time. Target price lowered to $170 from $185, reflecting lower expectations. Rating and price target assume S&P 500 remains unchanged over next 12 months.

Applied Materials, Inc. (NASDAQ: AMAT) provides manufacturing equipment, services, and software to semiconductor, display, and related industries. Acknowledges investment potential but suggests other AI stocks offer greater upside and less downside risk. For undervalued AI stock benefiting from tariffs and onshoring trend, see free report.

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Read more at Yahoo Finance: Daiwa Cuts Applied Materials (AMAT) Rating to Neutral, Lowers PT to $170