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Most Mentioned: Applied Materials, Inc. (NASDAQ:AMAT), Vale SA (ADR) (NYSE:VALE), Alpha Natural Resources, Inc. (NYSE:ANR)

Boston, MA 07/09/2014 (wallstreetpr) – The stock of Applied Materials, Inc. (NASDAQ:AMAT) now carries an Outperform rating from Cowen and Company in the latest research note. The development comes when AMAT announced a deal with Tokyo Electron that would see the two companies come under one roof with a new brand name as Eteris.

Several other Wall Street experts have weighed in on the stock of Applied Materials, Inc. (NASDAQ:AMAT). For example, analysts at RBC Capital increased their price target on the stock to $20 from $18 apiece. They rate the stock as Sector-perform. Analysts at JPMorgan Chase & Co. (NYSE:JPM) recently upgraded the stock to an Overweight from Neutral and planted a new price target at $30, up from the previous $19.

On the average, the stock bears a Buy recommendation and an average price objective of $22.82.

Applied Materials, Inc. (NASDAQ:AMAT) this week announced release of new equipment targeted at the production of complex devices based on 3D architecture.

Vale SA (ADR) (NYSE:VALE) received a sentiment boost from Barclays where analysts upgraded the stock to an Equal-weight. The development puts the stock on a consensus rating of Hold and average price target of $17.15.

The anticipated big demand for iron is creating excitement for Vale SA (ADR) (NYSE:VALE) and its peers. China is expected to make a significant contribution in the growth of iron market because of its ambitious urbanization projects.

Alpha Natural Resources, Inc. (NYSE:ANR) was a victim of a bearish note issued by commodity forecasters at Morgan Stanley (NYSE:MS). The analysts warned that prices of metallurgical coal may witness a slower rebound than previously anticipated. The warning costs ANR more than 6 percent on its stock price in the previous session.

The analysts went further to cut their metallurgical coal price outlook to $133 per ton from $160 for 2015.

Based on the new reality, analysts at MS chopped their price target on Alpha Natural Resources, Inc. (NYSE:ANR) to $4 apiece, from $5.  The price cut also affected Arch Coal Inc (NYSE:ACI) and Walter Energy, Inc. (NYSE:WLT).

Published by Benjamin Roussey

Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing.

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