This morning, Deutsche Bank upgraded shares of Cytec Industries (NYSE:CYT) from hold to buy as the company is buying back more shares, which should improve the earnings per share. With the upgrade, Deutsche Bank set a price target of $65 per share.
In morning trading, shares of Cytec were higher, gaining 2.6% so far.
And Morgan Stanley raised its price target on shares of Applied Materials (NASDAQ:AMAT) to $17 as higher demand from end-users could push earnings higher. In the report, Morgan Stanley reiterated its overweight rating.
Shares of Applied Materials were modestly lower, falling 0.3% today.
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