UPDATE: Deutsche Bank Reiterates on Applied Materials on Position to Outperform in 2014

In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on Applied Materials (NASDAQ: AMAT ), and raised the price target from $15.00 to $18.00. In the report, Deutsche Bank noted, “Although the midpoint of Jan Q guidance was below street expectations, strong Q1 bookings momentum