Needham has decided to maintain its Buy rating of Applied Materials (NASDAQ:AMAT) and lower its price target from $125.00 to $90.00.
Shares of Applied Materials are trading up 5.71% over the last 24 hours, at $80.35 per share.
Wedbush boosted the price target on PepsiCo, Inc. (NASDAQ: PEP) from $185 to $190. Wedbush analyst Gerald Pascarelli maintained an Outperform rating on the stock. PepsiCo shares rose 0.1% to $169.56 in pre-market trading.
The U.S. index futures are pointing to a higher opening on Wall Street, reflecting traders’ hopes that the consumer price inflation data may prove benign.