Markets & Finance

JP Morgan Ups Opinion on Chip Equipment Group


JP Morgan Chase raised its rating on a number of semiconductor equipment stocks. The firm upped ratings on Applied Materials (AMAT), KLA-Tencor (KLAC), Novellus Systems (NVLS), Teradyne (TER) and Varian Semi (VSEA) to long-term buy from market perform on the belief that the worst is known and that chip bookings reflect broad stabilization.


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