Equity Insights May 18th: Applied Materials, GT Advanced, Marvell Technology, Advance Auto, Dollar Tree

Applied Materials Inc. (NASDAQ:AMAT): After Applied Materials reported stronger than expected Q2 results, Stifel Nicolaus is nevertheless disappointed by the company’s guidance. The firm maintains a Buy rating based on valuation.

GT Advanced Technologies Inc (NASDAQ:GTAT): Stifel Nicolaus reduced its target on GT Advanced after the company reported weaker than expected results for its March quarter. The firm thinks that the company’s valuation is attractive, however, and it maintains a Buy rating.

Marvell Technology Group Ltd. (NASDAQ:MRVL): Cowen said they would be buyers of Marvell Technologies following Q1 results. The firm cited better margin trends, a head start on competition, stock buybacks, and its initiation of a dividend. Shares are Outperform rated.

Advance Auto Parts Inc. (NYSE:AAP): RBC Capital reduced its target on Advance Auto after the company reported lower than expected Q1 EPS. The firm maintains a Sector Perform rating on the shares.

Dollar Tree, Inc. (NASDAQ:DLTR): After Dollar Tree reported higher than expected Q1 EPS but the company’s comp growth decelerated slightly, RBC Capital notes that the stock usually performs well following post-earning declines. The firm thinks that the company is benefiting from rising store traffic and it maintains an Outperform rating on the shares.

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