Street View: Applied Materials falls short compared to peers

Semiconductor equipment maker Applied Materials AMAT.O missed second-quarter revenue estimate amid uncertainties around export curbs

Median PT of 35 brokerages covering the stock is $202.50; average rating is "buy" - data compiled by LSEG

Shares of AMAT slip 5.3%

CHINA WEIGHS ON PERFORMANCE

J.P. Morgan ("overweight", PT: $210) says co set to outperform this year due to its foundry/logic and memory market exposure, but at a lower growth rate than peers Lam Research LRCX.O and KLA Corp KLAC.O

Citigroup ("buy", PT: $190) says "semi sales was slightly below guidance, but the quarter had all the lumpiness around tariffs and nothing major to call out"

Morgan Stanley ("underweight", PT: $162) says co is tracking expectations but not showing upside seen at KLAC and LRCX as China weighs on results

Bernstein ("outperform", PT: $210) says China risk appears to be mitigated and long-term positioning around key technology inflections looks good

"We suspect if they had reported a few weeks ago when most of their peers did, investors would have been satisfied with it," brokerage says