UPDATE: RBC Capital Markets Reiterates on Applied Materials on Strong Order Upside From SSG

In a report published Monday, RBC Capital Markets analyst Mahesh Sanganeria reiterated an Outperform rating on Applied Materials (NASDAQ: AMAT ), and raised the price target from $17.00 to $20.00. In the report, RBC Capital Markets noted, “We expect AMAT SSG orders to grow 50% q/q, driven by TSMC 20nm